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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Income Tax Disclosure [Abstract] |
Components of Income Tax Benefit (Provision) | The components of income tax (provision) benefit for the years ended December 31, 2014, 2013 and 2012 are comprised of the following:
| 2014 |  | 2013 |  | 2012
Current: |  |  |  |  |
Federal | $ | (51 | ) |  | $ | 231 |  |  | $ | (5,210 | )
State | (196 | ) |  | (264 | ) |  | (253 | )
Foreign | — |  |  | — |  |  | (10 | )
Deferred: |  |  |  |  |
State | 9 |  |  | 36 |  |  | (49 | )
| $ | (238 | ) |  | $ | 3 |  |  | $ | (5,522 | )
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, 2014 and 2013:
| 2014 |  | 2013
Impairment of Real Estate | $ | 2,466 |  |  | $ | 5,185 |
Foreign Net Operating Loss Carryforward | 585 |  |  | 1,312 |
Valuation Allowance | (4,224 | ) |  | (5,357 | )
Other | 1,251 |  |  | 696 |
Total Deferred Tax Assets, Net of Allowance | $ | 78 |  |  | $ | 1,836 |
Straight-line Rent | $ | (90 | ) |  | $ | (76 | )
Fixed Assets | — |  |  | (1,771 | )
Other | (112 | ) |  | (122 | )
Total Deferred Tax Liabilities | $ | (202 | ) |  | $ | (1,969 | )
Total Net Deferred Tax Liabilities | $ | (124 | ) |  | $ | (133 | )
Effective Income Tax Rate Reconciliation | The income tax (provision) benefit pertaining to income (loss) from continuing operations and gain on sale of real estate of our taxable REIT subsidiaries differs from the amounts computed by applying the applicable federal statutory rate as follows for the years ended December 31, 2014, 2013 and 2012:
| 2014 |  | 2013 |  | 2012
Tax (Provision) Benefit at Federal Rate Related to Continuing Operations | $ | (532 | ) |  | $ | 286 |  |  | $ | 557 |
State Tax Provision, Net of Federal Benefit | (214 | ) |  | (236 | ) |  | (244 | )
Non-deductible Permanent Items, Net | 1 |  |  | 21 |  |  | 32 |
IRS Audit Adjustment and Accrued Interest | — |  |  | 58 |  |  | (5,523 | )
Change in Valuation Allowance | 1,133 |  |  | (388 | ) |  | (166 | )
Foreign Taxes, Net | — |  |  | — |  |  | (10 | )
Other | (626 | ) |  | 262 |  |  | (168 | )
Net Income Tax (Provision) Benefit | $ | (238 | ) |  | $ | 3 |  |  | $ | (5,522 | )
Distributions Per Share | Federal Income Tax Treatment of Share Distributions For income tax purposes, distributions paid to common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. We did not pay common share distributions for the year ended December 31, 2012. For the years ended December 31, 2014 and 2013, the distributions per common share were classified as follows:
Common Stock | 2014 |  | As a Percentage of Distributions |  | 2013 |  | As a Percentage of Distributions
Ordinary Income | $ | 0.4412 |  |  | 100.00 | % |  | $ | 0.3088 |  |  | 100.00 | %
Long-term Capital Gains | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
Unrecaptured Section 1250 Gain | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
Return of Capital | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
Qualified Dividends | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
| $ | 0.4412 |  |  | 100.00 | % |  | $ | 0.3088 |  |  | 100.00 | %
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, 2013 and 2012, the preferred distributions per depositary share were classified as follows:
Series J Preferred Stock | 2013 (1) |  | As a Percentage of Distributions (1) |  | 2012 |  | As a Percentage of Distributions
Ordinary Income | $ | 0.5085 |  |  | 100.00 | % |  | $ | — |  |  | 0.00 | %
Long-term Capital Gains | — |  |  | 0.00 | % |  | 0.8025 |  |  | 35.42 | %
Unrecaptured Section 1250 Gain | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
Return of Capital | — |  |  | 0.00 | % |  | 1.4632 |  |  | 64.58 | %
Qualified Dividends | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
| $ | 0.5085 |  |  | 100.00 | % |  | $ | 2.2657 |  |  | 100.00 | %
________________
(1) | The remaining 4,000,000 Depositary Shares of the Series J Preferred Stock were redeemed on April 11, 2013. The 2013 redemption had no impact on the 2012 allocation included in the table above.
Series J Preferred Stock – Depositary Shares Redeemed (2) | 2012 |  | As a Percentage of Distributions
Ordinary Income | $ | — |  |  | 0.00 | %
Long-term Capital Gains | 0.7864 |  |  | 35.42 | %
Unrecaptured Section 1250 Gain | — |  |  | 0.00 | %
Return of Capital | 1.4339 |  |  | 64.58 | %
Qualified Dividends | — |  |  | 0.00 | %
| $ | 2.2203 |  |  | 100.00 | %
________________
(2) | Schedule relates to the 2,000,000 Depositary Shares of the Series J Preferred Stock that were redeemed on December 21, 2012.
Series K Preferred Stock | 2013 (3) |  | As a Percentage of Distributions (3) |  | 2012 |  | As a Percentage of Distributions
Ordinary Income | $ | 0.9969 |  |  | 100.00 | % |  | $ | — |  |  | 0.00 | %
Long-term Capital Gains | — |  |  | 0.00 | % |  | 0.8025 |  |  | 35.42 | %
Unrecaptured Section 1250 Gain | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
Return of Capital | — |  |  | 0.00 | % |  | 1.4632 |  |  | 64.58 | %
Qualified Dividends | — |  |  | 0.00 | % |  | — |  |  | 0.00 | %
| $ | 0.9969 |  |  | 100.00 | % |  | $ | 2.2657 |  |  | 100.00 | %
________________
(3) | Schedule relates to the 2,000,000 Depositary Shares of the Series K Preferred Stock that were redeemed on July 18, 2013. The 2013 redemption had no impact on the 2012 allocation included in the table above.

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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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