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Income Taxes:
 12 Months Ended
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.