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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of taxable distributions paid per common share | Taxable distributions paid per common share were taxable as follows for the years ended December 31, 2015, 2014, and 2013:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Ordinary income | $ | 0.595 |  |  | $ | 0.695 |  |  | $ | 0.744 |
Qualified ordinary income | — |  |  | 0.139 |  |  | — |
Long-term capital gain | 0.329 |  |  | 0.105 |  |  | 0.114 |
Unrecaptured section 1250 gain | 0.168 |  |  | 0.076 |  |  | 0.067 |
Total | $ | 1.092 |  |  | $ | 1.015 |  |  | $ | 0.925 |
Schedule of components of the provision for income taxes | The components of the provision for income taxes are as follows for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Income tax (benefit)/provision |  |  |  |  |
Current |  |  |  |  |
Federal | $ | 29 |  |  | $ | 147 |  |  | $ | (1,030 | )
State | 871 |  |  | 550 |  |  | 846 |
Total current | 900 |  |  | 697 |  |  | (184 | )
Deferred |  |  |  |  |
Federal | (4,173 | ) |  | 20,138 |  |  | (6,907 | )
State | (613 | ) |  | 5,159 |  |  | (1,190 | )
Total deferred | (4,786 | ) |  | 25,297 |  |  | (8,097 | )
Total income tax (benefit)/provision | $ | (3,886 | ) |  | $ | 25,994 |  |  | $ | (8,281 | )
Classification of income tax (benefit)/provision: |  |  |  |  |
Continuing operations | $ | (3,886 | ) |  | $ | (15,098 | ) |  | $ | (7,299 | )
Gain/(loss) on sale of real estate owned | — |  |  | 41,087 |  |  | — |
Discontinued operations | — |  |  | 5 |  |  | (982 | )
Schedule of components of TRS deferred tax assets and liabilities | The components of our TRS deferred tax assets and liabilities are as follows for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Deferred tax assets: |  |  |  |  |
Federal and state tax attributes | $ | 2,227 |  |  | $ | — |  |  | $ | 13,069 |
Book/tax depreciation | 9,016 |  |  | 6,692 |  |  | 19,354 |
Construction capitalization differences | — |  |  | 75 |  |  | — |
Debt and interest deductions | — |  |  | — |  |  | 10,311 |
Other | 707 |  |  | 401 |  |  | — |
Total deferred tax assets | 11,950 |  |  | 7,168 |  |  | 42,734 |
Valuation allowance | (81 | ) |  | — |  |  | (1,310 | )
Net deferred tax assets | 11,869 |  |  | 7,168 |  |  | 41,424 |
Deferred tax liabilities: |  |  |  |  |
Construction capitalization differences | — |  |  | — |  |  | (3,766 | )
Investment in partnerships | — |  |  | — |  |  | (5,080 | )
Other | (107 | ) |  | (192 | ) |  | (305 | )
Total deferred tax liabilities | (107 | ) |  | (192 | ) |  | (9,151 | )
Net deferred tax asset | $ | 11,762 |  |  | $ | 6,976 |  |  | $ | 32,273 |
Schedule of effective income tax rate reconciliation | Income tax benefit/(provision), net differed from the amounts computed by applying the U.S. statutory rate of 35% to pretax income/(loss) for the years ended December 31, 2015, 2014, and 2013 as follows (dollars in thousands):
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Income tax (benefit)/provision |  |  |  |  |
U.S. federal income tax (benefit)/provision | $ | (4,383 | ) |  | $ | 28,819 |  |  | $ | (8,493 | )
State income tax provision | 442 |  |  | 2,678 |  |  | 46 |
Other items | (26 | ) |  | (137 | ) |  | 246 |
Conversion of certain TRS entities to REITs | — |  |  | (5,770 | ) |  | — |
Valuation allowance | 81 |  |  | 404 |  |  | (80 | )
Total income tax (benefit)/provision | $ | (3,886 | ) |  | $ | 25,994 |  |  | $ | (8,281 | )

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- Definition This table represents the tax treatments of distribution 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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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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