Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Tax Characterization of Dividends [Table Text Block]

For the years ended December 31, 2019, 2018, and 2017, distributions paid per share were taxable as follows (unaudited / rounded):



	Year Ended
	December 31, 2019				December 31, 2018				December 31, 2017
	Amount		Percentage		Amount		Percentage		Amount		Percentage
Ordinary income ⁽¹⁾	$	1.66	56.0	%	$	1.58	56.4	%	$	0.83	31.2	%
Capital gain	—		—	%	0.13		4.8	%	—		—	%
Return of capital	1.30		44.0	%	1.09		38.8	%	1.83		68.8	%
Total distributions declared	$	2.96	100.0	%	$	2.80	100.0	%	$	2.66	100.0	%

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of our provision / (benefit) for income taxes attributable to continuing operations for the year ended December 31, 2019 and 2018 are as follows (amounts in thousands):



	Year Ended
	December 31, 2019			December 31, 2018
Federal
Current	$	(3	)	$	(102	)
State and Local
Current	919			701
Deferred	—			11
Foreign
Current	179			(4		)
Deferred	(222		)	(518		)

Total (benefit) / provision	$	873		$	88

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the provision / (benefit) for income taxes with the amount computed by applying the statutory federal income tax rate to income before provision for income taxes for the year ended December 31, 2019 and 2018 is as follows (amounts in thousands):



	Year Ended
	December 31, 2019					December 31, 2018
Pre-tax loss attributable to taxable subsidiaries	$	(4,122	)			$	(7,299	)

Federal (benefit) / provision at statutory tax rate	(866		)	21.0	%	(1,534		)	21.0	%
State and local taxes, net of federal benefit	42			(1.0	)%	—			—	%
Alternative minimum tax	—			—	%	—			—	%
Rate differential	(73		)	1.8	%	(112		)	1.5	%
Change in valuation allowance	526			(12.7	)%	2,885			(39.5	)%
Change in deferred tax asset	—			—	%	—			—	%
Others	692			(16.8	)%	(1,576		)	21.6	%
Tax (benefit) / provision - taxable subsidiaries	321			(7.7	)%	(337		)	4.6	%
Other state taxes - flow through subsidiaries	552					425
Total (benefit) / provision	$	873				$	88

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The deferred tax assets and liabilities included in the consolidated balance sheets are comprised of the following tax effects of temporary differences and based on the Tax Act (amounts in thousands):



	As of
	December 31, 2019			December 31, 2018
Deferred Tax Assets
NOL carryforwards	$	18,009		$	18,071
Depreciation and basis differences	28,787			28,140
Other	395			784
Gross deferred tax assets	47,191			46,995
Valuation allowance	(45,342		)	(44,817		)
Net deferred tax assets	1,849			2,178

Deferred Tax Liabilities
Basis differences - foreign investment	(22,813		)	(22,406		)
Gross deferred tax liabilities	(22,813		)	(22,406		)

Net Deferred Tax Liability ⁽¹⁾	$	(20,964	)	$	(20,228	)