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Income Taxes | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Income Taxes | 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, 2016, 2015 and 2014 are as follows:
| 2016 (1) |  | 2015 (1) |  | 2014
Ordinary income | $ | 0.94 |  |  | 20.8 | % |  | $ | 1.20 |  |  | 24.8 | % |  | $ | 1.92 |  |  | 76.5 | %
Capital gains | 3.60 |  |  | 79.2 | % |  | 3.64 |  |  | 75.2 | % |  | 0.16 |  |  | 6.4 | %
Unrecaptured Section 1250 gain | — |  |  | — | % |  | — |  |  | — | % |  | 0.05 |  |  | 2.0 | %
Return of capital | — |  |  | — | % |  | — |  |  | — | % |  | 0.38 |  |  | 15.1 | %
Dividends paid | $ | 4.54 |  |  | 100.0 | % |  | $ | 4.84 |  |  | 100.0 | % |  | $ | 2.51 |  |  | 100.0 | %
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(1) | During the year ended December 31, 2015, the Company paid cash dividends of $4.63 per common share. In addition, the Company declared a $2.00 special cash dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016 (See Note 12—Stockholders' Equity). Pursuant to relevant U.S. tax rules, $0.21 per common share of this dividend is treated as having been paid by the Company on December 31, 2015, and received by each shareholder of record as of November 12, 2015 on December 31, 2015. The balance of the special cash dividend has been included in the amount of dividends paid for the year ended December 31, 2016.
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 Code. The income tax provision of the TRSs for the years ended December 31, 2016, 2015 and 2014 are as follows:
| 2016 |  | 2015 |  | 2014
Current | $ | (176 | ) |  | $ | — |  |  | $ | — |
Deferred | (546 | ) |  | 3,223 |  |  | 4,269 |
Income tax (expense) benefit | $ | (722 | ) |  | $ | 3,223 |  |  | $ | 4,269 |
The income tax provision of the TRSs for the years ended December 31, 2016, 2015 and 2014 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
| 2016 |  | 2015 |  | 2014
Book loss for TRSs | $ | 5,254 |  |  | $ | 10,681 |  |  | $ | 10,785 |
Tax at statutory rate on earnings from continuing operations before income taxes | $ | 1,786 |  |  | $ | 3,632 |  |  | $ | 3,667 |
Other | (2,508 | ) |  | (409 | ) |  | 602 |
Income tax (expense) benefit | $ | (722 | ) |  | $ | 3,223 |  |  | $ | 4,269 |
The net operating loss carryforwards are currently scheduled to expire through 2035, beginning in 2024. Net deferred tax assets of $38,301 and $38,847 were included in deferred charges and other assets, net at December 31, 2016 and 2015, respectively. The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2016 and 2015 are summarized as follows:
| 2016 |  | 2015
Net operating loss carryforwards | $ | 22,335 |  |  | $ | 25,340 |
Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs | 12,720 |  |  | 10,600 |
Other | 3,246 |  |  | 2,907 |
Net deferred tax assets | $ | 38,301 |  |  | $ | 38,847 |
For the years ended December 31, 2016, 2015 and 2014 there were no unrecognized tax benefits. The tax years 2012 through 2016 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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: 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=65882285&loc=d3e32559-109319 Reference 3: 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=65882285&loc=d3e32718-109319 Reference 4: 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=65882285&loc=d3e32639-109319 Reference 5: 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=65882285&loc=d3e32537-109319 + Details
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