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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Components of Current / Deferred Income Tax (Provision) Benefit | The components of income tax (provision) benefit for the years ended December 31, 2012, 2011 and 2010 are comprised of the following:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (5,210 | ) |  | $ | (622 | ) |  | $ | (893 | )
State |  |  | (253 | ) |  |  | (502 | ) |  |  | (2,372 | )
Foreign |  |  | (10 | ) |  |  | (41 | ) |  |  | (95 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | (284 | ) |  |  | 163 |
State |  |  | (49 | ) |  |  | (2 | ) |  |  | 40 |
Foreign |  |  | — |  |  |  | (697 | ) |  |  | (148 | )
|  | $ | (5,522 | ) |  | $ | (2,148 | ) |  | $ | (3,305 | )
Deferred Tax Assets (Liabilities) | Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following as of December 31, 2012 and 2011:
|  | 2012 |  |  | 2011 |
Investments in Joint Ventures |  | $ | 11 |  |  | $ | 15 |
Prepaid Rent |  |  | 13 |  |  |  | 45 |
Restricted Stock |  |  | 5 |  |  |  | 43 |
Impairment of Real Estate |  |  | 5,519 |  |  |  | 5,683 |
Foreign Net Operating Loss Carryforward |  |  | 854 |  |  |  | 828 |
Valuation Allowance |  |  | (5,244 | ) |  |  | (5,078 | )
Other |  |  | 588 |  |  |  | 483 |
Total Deferred Tax Assets, Net of Allowance |  | $ | 1,746 |  |  | $ | 2,019 |
Straight-line Rent |  |  | (91 | ) |  |  | (85 | )
Fixed Assets |  |  | (1,666 | ) |  |  | (1,946 | )
Other |  |  | (158 | ) |  |  | (108 | )
Total Deferred Tax Liabilities |  | $ | (1,915 | ) |  | $ | (2,139 | )
Total Net Deferred Tax Liabilities |  | $ | (169 | ) |  | $ | (120 | )
Income Tax Provision Pertaining to Income from Continuing Operations and Gain on Sale of Real Estate | The income tax provision pertaining to income from continuing operations and gain on sale of real estate differs from the amounts computed by applying the applicable federal statutory rate as follows:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Tax Benefit (Provision) at Federal Rate Related to Continuing Operations |  | $ | 557 |  |  | $ | (2,162 | ) |  | $ | 5,141 |
State Tax Provision, Net of Federal Benefit (Provision) |  |  | (244 | ) |  |  | (521 | ) |  |  | (2,320 | )
Non-deductible Permanent Items, Net |  |  | 32 |  |  |  | (54 | ) |  |  | (58 | )
IRS Audit Adjustment and Accrued Interest |  |  | (5,523 | ) |  |  | — |  |  |  | — |
Change in Valuation Allowance |  |  | (166 | ) |  |  | 1,853 |  |  |  | (6,108 | )
Foreign Taxes, Net |  |  | (10 | ) |  |  | (96 | ) |  |  | (211 | )
Other |  |  | (168 | ) |  |  | 78 |  |  |  | 251 |
Net Income Tax Provision |  | $ | (5,522 | ) |  | $ | (902 | ) |  | $ | (3,305 | )
Preferred Distributions Per Depositary Share | For income tax purposes, distributions paid to preferred shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. For the years ended December 31, 2012, 2011 and 2010, the preferred distributions per depositary share were classified as follows:
Series J Preferred Stock |  | 2012 |  |  | As a Percentage of Distributions |  |  | 2011 |  |  | As a Percentage of Distributions |  |  | 2010 |  |  | As a Percentage of Distributions |
Ordinary Income |  | $ | — |  |  |  | 0.00 | % |  | $ | 0.3130 |  |  |  | 23.02 | % |  | $ | 1.4652 |  |  |  | 80.84 | %
Long-term Capital Gains |  |  | — |  |  |  | 0.00 | % |  |  | — |  |  |  | 0.00 | % |  |  | — |  |  |  | 0.00 | %
Unrecaptured Section 1250 Gain |  |  | — |  |  |  | 0.00 | % |  |  | — |  |  |  | 0.00 | % |  |  | 0.2423 |  |  |  | 13.37 | %
Return of Capital |  |  | 2.2657 |  |  |  | 100.00 | % |  |  | 1.0402 |  |  |  | 76.52 | % |  |  | — |  |  |  | 0.00 | %
Qualified Dividends |  |  | — |  |  |  | 0.00 | % |  |  | 0.0062 |  |  |  | 0.46 | % |  |  | 0.1050 |  |  |  | 5.79 | %
|  | $ | 2.2657 |  |  |  | 100.00 | % |  | $ | 1.3594 |  |  |  | 100.00 | % |  | $ | 1.8125 |  |  |  | 100.00 | %
Series J Preferred Stock – Depositary Shares Redeemed* |  | 2012 |  |  | As a Percentage of Distributions |
Ordinary Income |  | $ | — |  |  |  | 0.00 | %
Long-term Capital Gains |  |  | — |  |  |  | 0.00 | %
Unrecaptured Section 1250 Gain |  |  | — |  |  |  | 0.00 | %
Return of Capital |  |  | 2.2203 |  |  |  | 100.00 | %
Qualified Dividends |  |  | — |  |  |  | 0.00 | %
|  | $ | 2.2203 |  |  |  | 100.00 | %
Series K Preferred Stock |  | 2012 |  |  | As a Percentage of Distributions |  |  | 2011 |  |  | As a Percentage of Distributions |  |  | 2010 |  |  | As a Percentage of Distributions |
Ordinary Income |  | $ | — |  |  |  | 0.00 | % |  | $ | 0.3130 |  |  |  | 23.02 | % |  | $ | 1.4652 |  |  |  | 80.84 | %
Long-term Capital Gains |  |  | — |  |  |  | 0.00 | % |  |  | — |  |  |  | 0.00 | % |  |  | — |  |  |  | 0.00 | %
Unrecaptured Section 1250 Gain |  |  | — |  |  |  | 0.00 | % |  |  | — |  |  |  | 0.00 | % |  |  | 0.2423 |  |  |  | 13.37 | %
Return of Capital |  |  | 2.2657 |  |  |  | 100.00 | % |  |  | 1.0402 |  |  |  | 76.52 | % |  |  | — |  |  |  | 0.00 | %
Qualified Dividends |  |  | — |  |  |  | 0.00 | % |  |  | 0.0062 |  |  |  | 0.46 | % |  |  | 0.1050 |  |  |  | 5.79 | %
|  | $ | 2.2657 |  |  |  | 100.00 | % |  | $ | 1.3594 |  |  |  | 100.00 | % |  | $ | 1.8125 |  |  |  | 100.00 | %

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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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