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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Components of Income Tax Benefit (Provision)
The components of income tax (provision) benefit for the years ended December 31, 2014, 2013 and 2012 are comprised of the following: 
 
2014
 
2013
 
2012
Current:
 
 
 
 
 
Federal
$
(51
)
 
$
231

 
$
(5,210
)
State
(196
)
 
(264
)
 
(253
)
Foreign
—

 
—

 
(10
)
Deferred:
 
 
 
 
 
State
9

 
36

 
(49
)
 
$
(238
)
 
$
3

 
$
(5,522
)
Deferred Tax Assets (Liabilities)
Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following as of December 31, 2014 and 2013: 
 
2014
 
2013
Impairment of Real Estate
$
2,466

 
$
5,185

Foreign Net Operating Loss Carryforward
585

 
1,312

Valuation Allowance
(4,224
)
 
(5,357
)
Other
1,251

 
696

Total Deferred Tax Assets, Net of Allowance
$
78

 
$
1,836

Straight-line Rent
$
(90
)
 
$
(76
)
Fixed Assets
—

 
(1,771
)
Other
(112
)
 
(122
)
Total Deferred Tax Liabilities
$
(202
)
 
$
(1,969
)
Total Net Deferred Tax Liabilities
$
(124
)
 
$
(133
)
Effective Income Tax Rate Reconciliation
The income tax (provision) benefit pertaining to income (loss) from continuing operations and gain on sale of real estate of our taxable REIT subsidiaries differs from the amounts computed by applying the applicable federal statutory rate as follows for the years ended December 31, 2014, 2013 and 2012: 
 
2014
 
2013
 
2012
Tax (Provision) Benefit at Federal Rate Related to Continuing Operations
$
(532
)
 
$
286

 
$
557

State Tax Provision, Net of Federal Benefit
(214
)
 
(236
)
 
(244
)
Non-deductible Permanent Items, Net
1

 
21

 
32

IRS Audit Adjustment and Accrued Interest
—

 
58

 
(5,523
)
Change in Valuation Allowance
1,133

 
(388
)
 
(166
)
Foreign Taxes, Net
—

 
—

 
(10
)
Other
(626
)
 
262

 
(168
)
Net Income Tax (Provision) Benefit
$
(238
)
 
$
3

 
$
(5,522
)
Distributions Per Share
Federal Income Tax Treatment of Share Distributions
For income tax purposes, distributions paid to common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. We did not pay common share distributions for the year ended December 31, 2012. For the years ended December 31, 2014 and 2013, the distributions per common share were classified as follows:
Common Stock
2014
 
As a
Percentage
of
Distributions
 
2013
 
As a
Percentage
of
Distributions
Ordinary Income
$
0.4412

 
100.00
%
 
$
0.3088

 
100.00
%
Long-term Capital Gains
—

 
0.00
%
 
—

 
0.00
%
Unrecaptured Section 1250 Gain
—

 
0.00
%
 
—

 
0.00
%
Return of Capital
—

 
0.00
%
 
—

 
0.00
%
Qualified Dividends
—

 
0.00
%
 
—

 
0.00
%
 
$
0.4412

 
100.00
%
 
$
0.3088

 
100.00
%
For income tax purposes, distributions paid to preferred shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. For the years ended December 31, 2013 and 2012, the preferred distributions per depositary share were classified as follows:
Series J Preferred Stock
2013 (1)
 
As a
Percentage
of
Distributions (1)
 
2012
 
As a
Percentage
of
Distributions
Ordinary Income
$
0.5085

 
100.00
%
 
$
—

 
0.00
%
Long-term Capital Gains
—

 
0.00
%
 
0.8025

 
35.42
%
Unrecaptured Section 1250 Gain
—

 
0.00
%
 
—

 
0.00
%
Return of Capital
—

 
0.00
%
 
1.4632

 
64.58
%
Qualified Dividends
—

 
0.00
%
 
—

 
0.00
%
 
$
0.5085

 
100.00
%
 
$
2.2657

 
100.00
%
________________
(1)
The remaining 4,000,000 Depositary Shares of the Series J Preferred Stock were redeemed on April 11, 2013. The 2013 redemption had no impact on the 2012 allocation included in the table above.
 
Series J Preferred Stock – Depositary Shares Redeemed (2)
2012
 
As a
Percentage
of
Distributions
Ordinary Income
$
—

 
0.00
%
Long-term Capital Gains
0.7864

 
35.42
%
Unrecaptured Section 1250 Gain
—

 
0.00
%
Return of Capital
1.4339

 
64.58
%
Qualified Dividends
—

 
0.00
%
 
$
2.2203

 
100.00
%
________________
(2)
Schedule relates to the 2,000,000 Depositary Shares of the Series J Preferred Stock that were redeemed on December 21, 2012.
 
Series K Preferred Stock
2013 (3)
 
As a
Percentage
of
Distributions (3)
 
2012
 
As a
Percentage
of
Distributions
Ordinary Income
$
0.9969

 
100.00
%
 
$
—

 
0.00
%
Long-term Capital Gains
—

 
0.00
%
 
0.8025

 
35.42
%
Unrecaptured Section 1250 Gain
—

 
0.00
%
 
—

 
0.00
%
Return of Capital
—

 
0.00
%
 
1.4632

 
64.58
%
Qualified Dividends
—

 
0.00
%
 
—

 
0.00
%
 
$
0.9969

 
100.00
%
 
$
2.2657

 
100.00
%

________________
(3)
Schedule relates to the 2,000,000 Depositary Shares of the Series K Preferred Stock that were redeemed on July 18, 2013. The 2013 redemption had no impact on the 2012 allocation included in the table above.