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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Summary Of Significant Accounting Policies [Abstract] |
Allocation Of Income Franchise And Excise Taxes In Consolidated Statements Of Operations | The Company’s provision for income and other tax expense (benefit) was as follows for the years ended December 31, 2020, 2019 and 2018 (amounts in thousands):
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
State and local income, franchise and excise tax (benefit) |  | $ | 852 |  |  | $ | 963 |  |  | $ | 878 |
Alternative minimum tax credit (benefit) (1) |  |  | — |  |  |  | (3,244 | ) |  |  | — |
Income and other tax expense (benefit) (2) |  | $ | 852 |  |  | $ | (2,281 | ) |  | $ | 878 |
(1) | As provided in recent tax legislation which repealed the AMT credit on corporations, in 2019 the Company claimed/received $1.6 million of refunds of various AMT credit carryovers generated in prior tax years. The provision originally allowed for carryover amounts to be refunded over four years, with 50% available in the first year. The remaining $1.6 million was received in 2020 as noted above.
(2) | All provisions for income tax amounts are current and none are deferred.
Tax Treatment Of Dividends And Distributions | During the years ended December 31, 2020, 2019 and 2018, the tax character of the Company’s dividends and distributions were as follows (unaudited):
|  | Year Ended December 31, |
|  | 2020 (1) |  |  | 2019 (2) |  |  | 2018 (3) |
Tax character of dividends and distributions: |  |  |  |  |  |  |  |  |  |  |  |
Ordinary dividends |  | $ | 1.34739 |  |  | $ | 1.39604 |  |  | $ | 1.84454 |
Long-term capital gain |  |  | 0.77923 |  |  |  | 0.61243 |  |  |  | 0.21423 |
Unrecaptured section 1250 gain |  |  | 0.24838 |  |  |  | 0.23403 |  |  |  | 0.06498 |
Dividends and distributions per |  |  |  |  |  |  |  |  |  |  |  |
Common Share/Unit outstanding |  | $ | 2.37500 |  |  | $ | 2.24250 |  |  | $ | 2.12375 |
(1) | The Company’s fourth quarter 2020 dividends and distributions of $0.6025 per Common Share/Unit outstanding will be included as taxable income in calendar year 2021.
(2) | The Company’s fourth quarter 2019 dividends and distributions of $0.5675 per Common Share/Unit outstanding was included as taxable income in calendar year 2020.
(3) | The Company’s fourth quarter 2018 dividends and distributions of $0.54 per Common Share/Unit outstanding was included as taxable income in calendar year 2019.

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- Definition This table represents the allocation of state and local income, franchise and excise taxes on current operating properties as well as operating properties that have been sold. + References No definition available. + Details
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- Definition Summary of significant accounting policies. + References No definition available. + Details
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- Definition This table represents the tax treatments of dividends paid to unit/shareholders. Ordinary dividends are taxed as ordinary income while qualified dividends are taxed as capital gains. This table also includes the nontaxable portions (deferred until unit/share sold) as long-term/short-term capital gains/losses. + References No definition available. + Details
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