XML 60 R38.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | The following is a summary of our deferred tax assets and liabilities, which result from the activities of the TRS, as of December 31, 2017 (in thousands):
| 2017
Deferred tax assets: |
Accrued expenses | $ | 4,276 |
Net operating loss (“NOL”) carryforward(1) | 667 |
Other | 106 |
Gross deferred tax assets | 5,049 |
Valuation allowance | (3,277 | )
Total deferred tax asset | 1,772 |
Deferred tax liabilities: |
Depreciation and amortization | (1,638 | )
Prepaid expenses | (134 | )
Total deferred tax liabilities | (1,772 | )
Net deferred tax asset | $ | — |
(1) | If not utilized, the NOL carryforward will begin to expire in 2037. Losses incurred after 2017 are carried forward indefinitely.
Summary of REIT Taxable Income Subject to Dividend Distribution | The following table reconciles Net (Loss) Income Attributable to Stockholders to REIT taxable income before the dividends paid deduction for the years ended December 31, 2017, 2016, and 2015 (in thousands):
| 2017 |  | 2016 |  | 2015
Net (loss) income attributable to stockholders | $ | (38,391 | ) |  | $ | 8,932 |  |  | $ | 13,360 |
Net loss (income) from subsidiaries | 31,395 |  |  | (17,785 | ) |  | (23,725 | )
Net loss attributable to REIT operations | (6,996 | ) |  | (8,853 | ) |  | (10,365 | )
Book/tax differences | 45,677 |  |  | 42,556 |  |  | 45,280 |
REIT taxable income subject to 90% dividend requirement | $ | 38,681 |  |  | $ | 33,703 |  |  | $ | 34,915 |
Summary of Dividends Payment Deduction | The following is a summary of our dividends paid deduction for the years ended December 31, 2017, 2016, and 2015 (in thousands):
| 2017 |  | 2016 |  | 2015
Distributions paid to common stockholders | $ | 123,100 |  |  | $ | 123,004 |  |  | $ | 123,119 |
Non-dividend distributions | (84,419 | ) |  | (89,301 | ) |  | (88,204 | )
Total dividends paid deduction attributable to earnings and profits | $ | 38,681 |  |  | $ | 33,703 |  |  | $ | 34,915 |
Schedule of Effective Income Tax Rate Reconciliation | The tax composition of our distributions declared for the years ended December 31, 2017 and 2016, was as follows:
| 2017 |  | 2016
Ordinary income | 28.6 | % |  | 28.2 | %
Return of capital | 70.9 | % |  | 71.8 | %
Capital gain distributions | 0.5 | % |  | — | %
Total | 100.0 | % |  | 100.0 | %

X
- Definition Tabular disclosure of an entity's tax treatment of distributions by percentage. + References No definition available. + Details
Name: | cik0001476204_ScheduleofTaxTreatmentofDistributionsTableTextBlock
Namespace Prefix: | cik0001476204_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration