Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Components of Income Tax Benefit (Provision)

The components of income tax (provision) benefit for the years ended December 31, 2015, 2014 and 2013 are comprised of the following:

	Year Ended December 31,
	2015			2014			2013
Current:
Federal	$	68		$	(51	)	$	231
State	(297		)	(196		)	(264		)
Deferred:
State	112			9			36
	$	(117	)	$	(238	)	$	3

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, 2015 and 2014:

	Year Ended December 31,
	2015			2014
Impairment of Real Estate	$	2,484		$	2,466
Foreign Net Operating Loss Carryforward	—			585
Valuation Allowance	(3,437		)	(4,224		)
Other	1,021			1,251
Total Deferred Tax Assets, Net of Allowance	$	68		$	78
Straight-line Rent	$	(79	)	$	(90	)
Other	(1		)	(112		)
Total Deferred Tax Liabilities	$	(80	)	$	(202	)
Total Net Deferred Tax Liabilities	$	(12	)	$	(124	)

Effective Income Tax Rate Reconciliation

The income tax (provision) benefit pertaining to income from continuing operations of the taxable REIT subsidiaries differs from the amounts computed by applying the applicable federal statutory rate as follows for the years ended December 31, 2015, 2014 and 2013:

	Year Ended December 31,
	2015			2014			2013
Tax Benefit (Provision) at Federal Rate Related to Continuing Operations	$	64		$	(532	)	$	286
State Tax Provision, Net of Federal Benefit	(212		)	(214		)	(236		)
Non-deductible Permanent Items, Net	10			1			21
IRS Audit Adjustment and Accrued Interest	—			—			58
Change in Valuation Allowance	787			1,133			(388		)
Other	(766		)	(626		)	262
Net Income Tax (Provision) Benefit	$	(117	)	$	(238	)	$	3

Federal Income Tax Treatment of Share Distributions

For income tax purposes, distributions paid to the Company's common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. For the years ended December 31, 2015, 2014 and 2013, the distributions per common share were classified as follows:

Common Stock	2015		As a Percentage of Distributions		2014		As a Percentage of Distributions		2013		As a Percentage of Distributions
Ordinary Income	$	0.2629	67.93	%	$	0.4412	100.00	%	$	0.3088	100.00	%
Unrecaptured Section 1250 Gain	0.1241		32.07	%	—		0.00	%	—		0.00	%
	$	0.3870	100.00	%	$	0.4412	100.00	%	$	0.3088	100.00	%