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INCOME TAXES (Tables) | 9 Months Ended
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Sep. 30, 2016
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented:
| Three Months Ended September 30,
| 2016 |  | 2015
Income tax expense at federal statutory rate |  | $14,491 |  |  | 35.0 | % |  |  | $6,524 |  |  | 35.0 | %
U.S. and foreign REIT income & U.S. TRS taxable losses | (11,487 | ) |  | (27.7 | ) |  | (9,259 | ) |  | (49.6 | )
Foreign TRS operations | (312 | ) |  | (0.8 | ) |  | (1,466 | ) |  | (7.9 | )
U.S. net deferred tax asset valuation allowance | (1,741 | ) |  | (4.2 | ) |  | 2,742 |  |  | 14.7 |
Other | (70 | ) |  | (0.2 | ) |  | 90 |  |  | 0.5 |
Income tax expense (benefit) before discrete items |  | $881 |  |  | 2.1 | % |  |  | ($1,369 | ) |  | (7.3 | )%
CBPC(a) valuation allowance | — |  |  | — |  |  | 997 |  |  | 5.3 |
Return-to-accrual adjustments | (171 | ) |  | (0.4 | ) |  | (169 | ) |  | (0.9 | )
Other | 69 |  |  | 0.2 |  |  | — |  |  | — |
Income tax expense (benefit) as reported |  | $779 |  |  | 1.9 | % |  |  | ($541 | ) |  | (2.9 | )%
| Nine Months Ended September 30,
| 2016 |  | 2015
Income tax expense at federal statutory rate |  | $59,337 |  |  | 35.0 | % |  |  | $11,617 |  |  | 35.0 | %
U.S. and foreign REIT income & U.S. TRS taxable losses | (55,801 | ) |  | (32.9 | ) |  | (16,260 | ) |  | (48.9 | )
Foreign TRS operations | (626 | ) |  | (0.4 | ) |  | (3,029 | ) |  | (9.1 | )
U.S. net deferred tax asset valuation allowance | 2,654 |  |  | 1.6 |  |  | 5,360 |  |  | 16.1 |
Other | 137 |  |  | 0.1 |  |  | 175 |  |  | 0.5 |
Income tax expense (benefit) before discrete items |  | $5,701 |  |  | 3.4 | % |  |  | ($2,137 | ) |  | (6.4 | )%
CBPC(a) valuation allowance | — |  |  | — |  |  | 997 |  |  | 3.0 |
Tax benefit recognized related to changes in the New Zealand JV deferred tax inventory | (1,833 | ) |  | (1.1 | ) |  | — |  |  | — |
Purchase accounting deferred tax benefit | (1,423 | ) |  | (0.9 | ) |  | — |  |  | — |
Return-to-accrual adjustments | (171 | ) |  | (0.1 | ) |  | (169 | ) |  | (0.5 | )
Income tax expense (benefit) as reported |  | $2,274 |  |  | 1.3 | % |  |  | ($1,309 | ) |  | (3.9 | )%
(a) Cellulosic biofuels producer credit.

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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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