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Note 3 - Discontinued Operations | 6 Months Ended
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Jun. 30, 2012
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 3. Discontinued Operations The Company reports as discontinued operations, properties held-for-sale as of the end of the current period and assets sold during the period. The results of these discontinued operations are included as a separate component of income on the Condensed Consolidated Statements of Income under the caption Discontinued operations. This reporting has resulted in certain reclassifications of 2011 financial statement amounts. The components of income and expense relating to discontinued operations for the three and six months ended June 30, 2012 and 2011 are shown below. These include the results of operations through the date of each respective sale for properties sold during 2012 and 2011 and the operations for the applicable period for those assets classified as held-for-sale as of June 30, 2012 (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from rental property |  | $ | (370 | ) |  | $ | 6,292 |  |  | $ | 2,478 |  |  | $ | 17,459 |
Rental property expenses |  |  | (744 | ) |  |  | (3,063 | ) |  |  | (2,530 | ) |  |  | (6,509 | )
Depreciation and amortization |  |  | (3,182 | ) |  |  | (2,823 | ) |  |  | (6,274 | ) |  |  | (6,323 | )
Interest expense |  |  | (25 | ) |  |  | (203 | ) |  |  | (25 | ) |  |  | (419 | )
Income from other real estate investments |  |  | 10 |  |  |  | 240 |  |  |  | 13 |  |  |  | 514 |
Other (expense)/income, net |  |  | (13 | ) |  |  | (8 | ) |  |  | (104 | ) |  |  | 107 |
(Loss)/income from discontinued operating properties, before income taxes |  |  | (4,324 | ) |  |  | 435 |  |  |  | (6,442 | ) |  |  | 4,829 |
Impairment charges |  |  | (513 | ) |  |  | (5,438 | ) |  |  | (8,622 | ) |  |  | (8,631 | )
Gain on disposition of operating properties |  |  | 11,263 |  |  |  | 4,025 |  |  |  | 23,242 |  |  |  | 4,188 |
(Provision)/benefit for income taxes, net |  |  | (485 | ) |  |  | (6 | ) |  |  | 40 |  |  |  | 53 |
Income/(loss) from discontinued operating properties |  |  | 5,941 |  |  |  | (984 | ) |  |  | 8,218 |  |  |  | 439 |
Net income attributable to noncontrolling interests |  |  | (51 | ) |  |  | (118 | ) |  |  | (2,282 | ) |  |  | (227 | )
Income/(loss) from discontinued operations attributable to the Company |  | $ | 5,890 |  |  | $ | (1,102 | ) |  | $ | 5,936 |  |  | $ | 212 |
During the six months ended June 30, 2012, the Company classified as held-for-sale two operating properties, comprising 0.2 million square feet of GLA. The book value of these properties was $14.8 million, net of accumulated depreciation of $6.3 million. The Company recognized an impairment charge of $3.4 million on one of these properties. The book value of the other property did not exceed its estimated fair value, less costs to sell, and as such no impairment charge was recognized. The Company’s determination of the fair value of these properties, aggregating $8.6 million, was based upon executed contracts of sale with third parties (see Footnote 14). In addition, the Company completed the sale of three operating properties and one land parcel during the six months ended June 30, 2012 which were classified as held for sale during 2011 and 2012 (these dispositions are included in Footnote 2 above). The remaining property held-for-sale aggregating $2.8 million, net of accumulated depreciation of $1.7 million, is included in Other assets on the Company’s Condensed Consolidated Balance Sheets.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: 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 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 9: 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 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 + Details
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