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Note 3 - Discontinued Operations | 9 Months Ended
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Sep. 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 nine months ended September 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 September 30, 2012 (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from rental property |  | $ | 3,524 |  |  | $ | 12,669 |  |  | $ | 15,515 |  |  | $ | 39,593 |
Rental property expenses |  |  | (1,391 | ) |  |  | (4,266 | ) |  |  | (7,246 | ) |  |  | (14,042 | )
Depreciation and amortization |  |  | (1,143 | ) |  |  | (3,656 | ) |  |  | (10,125 | ) |  |  | (12,647 | )
Interest expense |  |  | (199 | ) |  |  | (403 | ) |  |  | (589 | ) |  |  | (1,348 | )
Income from other real estate investments |  |  | - |  |  |  | 1,430 |  |  |  | 13 |  |  |  | 1,945 |
Other expense, net |  |  | (35 | ) |  |  | (124 | ) |  |  | (178 | ) |  |  | (57 | )
Income/(loss) from discontinued operating properties, before income taxes |  |  | 756 |  |  |  | 5,650 |  |  |  | (2,610 | ) |  |  | 13,444 |
Impairment charges |  |  | (2,582 | ) |  |  | (289 | ) |  |  | (15,201 | ) |  |  | (8,919 | )
Gain on disposition of operating properties |  |  | 13,278 |  |  |  | 4,535 |  |  |  | 36,520 |  |  |  | 8,722 |
(Provision)/benefit for income taxes, net |  |  | (1,993 | ) |  |  | 28 |  |  |  | (1,697 | ) |  |  | 77 |
Income from discontinued operating properties |  |  | 9,459 |  |  |  | 9,924 |  |  |  | 17,012 |  |  |  | 13,324 |
Net loss/(income) attributable to noncontrolling interests |  |  | 886 |  |  |  | 25 |  |  |  | (1,365 | ) |  |  | (202 | )
Income from discontinued operations attributable to the Company |  | $ | 10,345 |  |  | $ | 9,949 |  |  | $ | 15,647 |  |  | $ | 13,122 |
During the nine months ended September 30, 2012, the Company classified as held-for-sale 17 operating properties, comprising 1.9 million square feet of GLA. The book value of these properties was $69.8 million, net of accumulated depreciation of $51.1 million. The Company recognized impairment charges of $4.2 million on three of these properties. The book value of the other properties did not exceed its estimated fair value, less costs to sell, and as such no impairment charges were recognized. The Company’s determination of the fair value of these properties, aggregating $98.6 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 during the nine months ended September 30, 2012 for which two were classified as held-for-sale during 2011 (these dispositions are included in Footnote 2 above). The remaining 16 properties held-for-sale, aggregating $59.1 million, net of accumulated depreciation of $46.4 million, are 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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