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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Information on Reportable Segments
Information on the Company’s reportable segments is presented as follows:
Three Months Ended June 30, 2015
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
223,744

 
$
10,064

 
$
5,013

 
$
15,022

 
$
253,843

Property operating expenses (2)
 
(65,048
)
 
(2,350
)
 
(1,154
)
 
730

 
(67,822
)
Interest expense
 
(43,882
)
 
(1,873
)
 
(1,035
)
 
(11,964
)
 
(58,754
)
Other expense
 
—

 
—

 
—

 
(5,928
)
 
(5,928
)
Gain on sales of real estate assets
 
—

 
13,491

 
—

 
682

 
14,173

Segment profit (loss)
 
$
114,814

 
$
19,332

 
$
2,824

 
$
(1,458
)
 
135,512

Depreciation and amortization expense
 
 
 
 
 
 
 
 
 
(71,239
)
General and administrative expense
 
 
 
 
 
 
 
 
 
(16,215
)
Interest and other income
 
 
 
 
 
 
 
 
 
389

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
256

Loss on impairment
 
 
 
 
 
 
 
 
 
(2,781
)
Equity in earnings of unconsolidated affiliates
 
 
 
 
 
 
 
 
 
4,881

Income tax provision
 
 
 
 
 
 
 
 
 
(2,472
)
Income from continuing operations
 
 
 
 
 
 
 
 
 
$
48,331

Capital expenditures (3)
 
$
229,931

 
$
4,518

 
$
1,197

 
$
17,340

 
$
252,986


Three Months Ended June 30, 2014
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
224,960

 
$
10,287

 
$
4,711

 
$
16,975

 
$
256,933

Property operating expenses (2)
 
(67,662
)
 
(2,260
)
 
(932
)
 
615

 
(70,239
)
Interest expense
 
(48,578
)
 
(1,996
)
 
(651
)
 
(8,052
)
 
(59,277
)
Other expense
 
(19
)
 
—

 
—

 
(7,371
)
 
(7,390
)
Gain on sales of real estate assets
 
536

 
933

 
455

 
1

 
1,925

Segment profit
 
$
109,237

 
$
6,964

 
$
3,583

 
$
2,168

 
121,952

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(70,609
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(11,336
)
Interest and other income
 
 

 
 

 
 

 
 

 
1,544

Loss on impairment
 
 
 
 
 
 
 
 
 
(106
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
3,418

Income tax provision
 
 

 
 

 
 

 
 

 
(786
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
44,077

Capital expenditures (3)
 
$
50,702

 
$
3,414

 
$
1,069

 
$
15,734

 
$
70,919



Six Months Ended June 30, 2015
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
454,015

 
20,471

 
9,694

 
30,572

 
$
514,752

Property operating expenses (2)
 
(138,997
)
 
(4,946
)
 
(2,278
)
 
2,494

 
(143,727
)
Interest expense
 
(87,580
)
 
(3,829
)
 
(2,230
)
 
(24,272
)
 
(117,911
)
Other expense
 
—

 
—

 
—

 
(12,404
)
 
(12,404
)
Gain on sales of real estate assets
 
264

 
13,491

 
—

 
1,175

 
14,930

Segment profit (loss)
 
$
227,702

 
$
25,187

 
$
5,186

 
$
(2,435
)
 
255,640

Depreciation and amortization expense
 
 
 
 
 
 
 
 
 
(147,505
)
General and administrative expense
 
 
 
 
 
 
 
 
 
(33,445
)
Interest and other income
 
 
 
 
 
 
 
 
 
5,663

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
256

Loss on impairment
 
 
 
 
 
 
 
 
 
(2,781
)
Gain on investment
 
 
 
 
 
 
 
 
 
16,560

Equity in earnings of unconsolidated affiliates
 
 
 
 
 
 
 
 
 
8,704

Income tax provision
 
 
 
 
 
 
 
 
 
(1,556
)
Income from continuing operations
 
 
 
 
 
 
 
 
 
$
101,536

Total Assets
 
$
5,834,340

 
$
262,165

 
$
281,680

 
$
324,018

 
$
6,702,203

Capital expenditures (3)
 
$
260,297

 
$
1,390

 
$
1,395

 
$
13,429

 
$
276,511




Six Months Ended June 30, 2014
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
454,833

 
$
21,143

 
$
9,249

 
$
32,951

 
$
518,176

Property operating expenses (2)
 
(141,956
)
 
(4,755
)
 
(2,589
)
 
1,538

 
(147,762
)
Interest expense
 
(98,594
)
 
(3,996
)
 
(1,300
)
 
(15,893
)
 
(119,783
)
Other expense
 
(19
)
 
—

 
—

 
(13,916
)
 
(13,935
)
Gain on sales of real estate assets
 
1,666

 
934

 
456

 
23

 
3,079

Segment profit
 
$
215,930

 
$
13,326

 
$
5,816

 
$
4,703

 
239,775

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(139,692
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(26,109
)
Interest and other income
 
 

 
 

 
 

 
 

 
3,072

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
42,660

Loss on impairment
 
 
 
 
 
 
 
 
 
(17,256
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
7,102

Income tax provision
 
 

 
 

 
 

 
 

 
(1,183
)
Income from continuing operations
 
 

 
 

 
 

 
 
 
$
108,369

Total Assets
 
$
5,707,536

 
$
272,940

 
$
287,861

 
$
433,177

 
$
6,701,514

Capital expenditures (3)
 
$
83,639

 
$
12,686

 
$
1,597

 
$
55,491

 
$
153,413

(1)
The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services.
(2)
Property operating expenses include property operating, real estate taxes and maintenance and repairs.
(3)
Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.