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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract] |
Components of discontinued operations | The components of discontinued operations are outlined below and include the results of operations for the respective periods that the Company owned such assets for properties sold in 2013 and prior years during the six months and quarters ended June 30, 2014 and 2013 (amounts in thousands).
|  | Six Months Ended June 30, |  | Quarter Ended June 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
REVENUES |  |  |  |  |  |  |  |
Rental income |  | $ | 1,275 |  |  | $ | 107,956 |  |  | $ | 252 |  |  | $ | 26,174 |
Total revenues |  | 1,275 |  |  | 107,956 |  |  | 252 |  |  | 26,174 |
EXPENSES (1) |  |  |  |  |  |  |  |
Property and maintenance |  | (41 | ) |  | 31,449 |  |  | (89 | ) |  | 11,025 |
Real estate taxes and insurance |  | (6 | ) |  | 10,867 |  |  | (19 | ) |  | 2,273 |
Property management |  | — |  |  | 1 |  |  | — |  |  | — |
Depreciation |  | — |  |  | 30,962 |  |  | — |  |  | 7,146 |
General and administrative |  | 51 |  |  | 73 |  |  | 46 |  |  | 65 |
Total expenses |  | 4 |  |  | 73,352 |  |  | (62 | ) |  | 20,509 |
Discontinued operating income |  | 1,271 |  |  | 34,604 |  |  | 314 |  |  | 5,665 |
Interest and other income |  | 80 |  |  | 90 |  |  | 45 |  |  | 38 |
Other expenses |  | — |  |  | (3 | ) |  | — |  |  | (1 | )
Interest (2): |  |  |  |  |  |  |  |
Expense incurred, net |  | — |  |  | (1,258 | ) |  | — |  |  | (6 | )
Amortization of deferred financing costs |  | — |  |  | (228 | ) |  | — |  |  | — |
Income and other tax (expense) benefit |  | (13 | ) |  | (463 | ) |  | (2 | ) |  | (405 | )
Discontinued operations |  | 1,338 |  |  | 32,742 |  |  | 357 |  |  | 5,291 |
Net gain on sales of discontinued operations |  | 224 |  |  | 1,588,874 |  |  | 153 |  |  | 389,952 |
Discontinued operations, net |  | $ | 1,562 |  |  | $ | 1,621,616 |  |  | $ | 510 |  |  | $ | 395,243 |
(1) | Includes expenses paid in the current period for properties sold in prior periods related to the Company’s period of ownership.
(2) | Includes only interest expense specific to secured mortgage notes payable for properties sold.

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 + Details
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