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Income Taxes: | 12 Months Ended
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Dec. 31, 2011
Income Taxes: |
Income Taxes: |
23. Income Taxes: For income tax purposes, distributions paid to common stockholders consist of ordinary income, capital gains, unrecaptured Section 1250 gain and return of capital or a combination thereof. The following table details the components of the distributions, on a per share basis, for the years ended December 31:
|  | 2011 |  | 2010 |  | 2009 |
--- | --- | --- | --- | --- | --- | --- | ---
Ordinary income |  | $ | 0.85 |  |  | 41.5 | % | $ | 0.57 |  |  | 27.1 | % | $ | 0.09 |  |  | 3.3 | %
Capital gains |  |  | 0.01 |  |  | 0.5 | % |  | 0.04 |  |  | 1.9 | % |  | 1.12 |  |  | 43.2 | %
Unrecaptured Section 1250 gain |  |  | 0.04 |  |  | 2.0 | % |  | — |  |  | 0.0 | % |  | 0.93 |  |  | 35.8 | %
Return of capital |  |  | 1.15 |  |  | 56.0 | % |  | 1.49 |  |  | 71.0 | % |  | 0.46 |  |  | 17.7 | %
Dividends paid |  | $ | 2.05 |  |  | 100.0 | % | $ | 2.10 |  |  | 100.0 | % | $ | 2.60 |  |  | 100.0 | %
The Company has made Taxable REIT Subsidiary elections for all of its corporate subsidiaries other than its Qualified REIT Subsidiaries. The elections, effective for the year beginning January 1, 2001 and future years were made pursuant to Section 856(l) of the Internal Revenue Code. The income tax benefit of the TRSs for the years ended December 31, 2011, 2010 and 2009 are as follows:
|  | 2011 |  | 2010 |  | 2009 |
--- | --- | --- | --- | --- | --- | --- | ---
Current |  | $ | — |  | $ | (11 | ) | $ | (264 | )
Deferred |  |  | 6,110 |  |  | 9,213 |  |  | 5,025 |
Income tax benefit |  | $ | 6,110 |  | $ | 9,202 |  | $ | 4,761 |
Income tax benefit of the TRSs for the years ended December 31, 2011, 2010 and 2009 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
|  | 2011 |  | 2010 |  | 2009 |
--- | --- | --- | --- | --- | --- | --- | ---
Book loss for TRSs |  | $ | (19,558 | ) | $ | (19,896 | ) | $ | (15,371 | )
Tax at statutory rate on earnings from continuing operations before income taxes |  | $ | 6,650 |  | $ | 6,765 |  | $ | 5,226 |
Other |  |  | (540 | ) |  | 2,437 |  |  | (465 | )
Income tax benefit |  | $ | 6,110 |  | $ | 9,202 |  | $ | 4,761 |
The net operating loss carryforwards are currently scheduled to expire through 2031, beginning in 2021. Net deferred tax assets of $26,829 and $19,525 were included in deferred charges and other assets, net at December 31, 2011 and 2010, respectively. The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2011 and 2010 are summarized as follows:
|  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | ---
Net operating loss carryforwards |  | $ | 29,045 |  | $ | 20,292 |
Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs |  |  | (4,442 | ) |  | (3,097 | )
Other |  |  | 2,226 |  |  | 2,330 |
Net deferred tax assets |  | $ | 26,829 |  | $ | 19,525 |
The following is a reconciliation of the unrecognized tax benefits for the years ended December 31, 2011, 2010 and 2009:
|  | 2011 |  | 2010 |  | 2009 |
--- | --- | --- | --- | --- | --- | --- | ---
Unrecognized tax benefits at beginning of year |  | $ | — |  | $ | 2,420 |  | $ | 2,201 |
Gross increases for tax positions of current year |  |  | — |  |  | — |  |  | 651 |
Gross decreases for tax positions of current year |  |  | — |  |  | (2,420 | ) |  | (432 | )
Unrecognized tax benefits at end of year |  | $ | — |  | $ | — |  | $ | 2,420 |
The tax years 2008 through 2010 remain open to examination by the taxing jurisdictions to which the Company is subject. The Company does not expect that the total amount of unrecognized tax benefit will materially change within the next 12 months.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -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 SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 6: 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 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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