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Federal Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Net Income to Taxable Income | Reconciliation of GAAP net income attributable to Acadia to taxable income is as follows:
|  | Year Ended December 31,
(dollars in thousands) |  | 2016 |  | 2015 |  | 2014
Net income attributable to Acadia |  | $ | 72,776 |  |  | $ | 65,708 |  |  | $ | 71,064 |
Deferred cancellation of indebtedness income |  | 2,050 |  |  | 2,050 |  |  | 2,050 |
Deferred rental and other income (a) |  | 1,610 |  |  | 82 |  |  | 2,120 |
Book/tax difference - depreciation and amortization (a) |  | 15,189 |  |  | 9,983 |  |  | 7,337 |
Straight-line rent and above- and below-market rent adjustments (a) |  | (7,882 | ) |  | (8,041 | ) |  | (4,917 | )
Book/tax differences - equity-based compensation |  | 10,307 |  |  | 5,833 |  |  | 4,540 |
Joint venture equity in earnings, net (a) |  | (2,011 | ) |  | 5,776 |  |  | (105 | )
Impairment charges and reserves |  | 769 |  |  | (714 | ) |  | 3,735 |
Acquisition costs (a) |  | 5,116 |  |  | 1,190 |  |  | 4,505 |
Gains |  | — |  |  | (760 | ) |  | (11,663 | )
Book/tax differences - miscellaneous |  | (4,924 | ) |  | 2,573 |  |  | (6,041 | )
Taxable income |  | $ | 93,000 |  |  | $ | 83,680 |  |  | $ | 72,625 |
Distributions declared |  | $ | 91,053 |  |  | $ | 84,683 |  |  | $ | 77,194 |
__________
(a) | Adjustments from certain subsidiaries and affiliates, which are consolidated for financial reporting but not for tax reporting, are included in the reconciliation item "Joint venture equity in earnings, net."
Schedule of Tax Status of Dividends | The Company has determined that the cash distributed to the shareholders for the periods presented is characterized as follows for Federal income tax purposes:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
| Per Share |  | % |  | Per Share |  | % |  | Per Share |  | %
Ordinary income | $ | 0.77 |  |  | 66 | % |  | $ | 0.83 |  |  | 68 | % |  | $ | 0.85 |  |  | 69 | %
Qualified dividend | — |  |  | — | % |  | — |  |  | — | % |  | — |  |  | — | %
Capital gain | 0.39 |  |  | 34 | % |  | 0.39 |  |  | 32 | % |  | 0.38 |  |  | 31 | %
Total | $ | 1.16 |  |  | 100 | % |  | $ | 1.22 |  |  | 100 | % |  | $ | 1.23 |  |  | 100 | %
Schedule of TRS Income and Provision for Income Taxes | The Company’s TRS income and provision for income taxes associated with the TRS for the periods presented are summarized as follows (in thousands):
|  | Year Ended December 31,
|  | 2016 |  | 2015 |  | 2014
TRS (loss) income before income taxes |  | $ | (1,583 | ) |  | $ | 1,008 |  |  | $ | (36 | )
Benefit (provision) for income taxes: |  |  |  |  |  |
Federal |  | 378 |  |  | (526 | ) |  | (377 | )
State and local |  | 97 |  |  | (134 | ) |  | (97 | )
TRS net (loss) income before noncontrolling interests |  | (1,108 | ) |  | 348 |  |  | (510 | )
Noncontrolling interests |  | (9 | ) |  | (208 | ) |  | (508 | )
TRS net (loss) income |  | $ | (1,117 | ) |  | $ | 140 |  |  | $ | (1,018 | )
Schedule of Effective Income Tax Rate Reconciliation | The income tax provision for the Company differs from the amount computed by applying the statutory Federal income tax rate to income before income taxes as follows. Amounts are not adjusted for temporary book/tax differences. (dollars in thousands):
|  | Year Ended December 31,
|  | 2016 |  | 2015 |  | 2014
Federal tax (benefit) provision at statutory tax rate |  | $ | (538 | ) |  | $ | 343 |  |  | $ | (12 | )
TRS state and local taxes, net of Federal benefit |  | (84 | ) |  | 53 |  |  | (2 | )
Tax effect of: |  |  |  |  |  |
Permanent differences, net |  | 1,663 |  |  | 396 |  |  | 446 |
Prior year under-accrual, net |  | — |  |  | 938 |  |  | 1 |
Other |  | (1,516 | ) |  | (131 | ) |  | 41 |
REIT state and local income and franchise taxes |  | 370 |  |  | 188 |  |  | 155 |
Total (benefit) provision for income taxes |  | $ | (105 | ) |  | $ | 1,787 |  |  | $ | 629 |

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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=65882285&loc=d3e32687-109319 + Details
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