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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Our provision (benefit) for income taxes consists of the following (in thousands):

	Year Ended December 31,
	2014				2013				2012
Current - Federal	$	—			$	—			$	—
State	269				257				348
Foreign	208				70				—
	477				327				348
Deferred - Federal	3,933				(1,626		)		(5,374		)
State	1,105				(167		)		(1,456		)
Foreign	121				353				(311		)
	5,159				(1,440		)		(7,141		)
Income tax provision (benefit) from continuing operations	$	5,636			$	(1,113	)		$	(6,793	)
Income tax provision from discontinued operations	$	—			$	1,097			$	747

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal tax provision to our income tax provision (benefit) is as follows (in thousands):

	Year Ended December 31,
	2014				2013				2012
Statutory federal tax provision (35)%	$	59,155			$	7,950			$	(8,703	)
Tax impact of REIT election	(52,937		)		(8,641		)		3,290
State income tax provision (benefit), net of federal tax benefit	893				58				(720		)
Foreign income tax benefit	(1,603		)		(552		)		(694		)
Foreign tax rate adjustment	—				—				—
Other	128				72				34
Income tax provision (benefit) from continuing operations	$	5,636			$	(1,113	)		$	(6,793	)

Schedule of Deferred Tax Assets and Liabilities

The total deferred tax assets and liabilities are as follows (in thousands):

	2014				2013
Deferred income related to key money	$	8,636			$	9,406
Net operating loss carryforwards	31,178				28,663
Alternative minimum tax credit carryforwards	72				129
Other	601				1,228
Deferred tax assets	40,487				39,426
Land basis difference recorded in purchase accounting	(4,260		)		(4,260		)
Depreciation and amortization	(12,947		)		(6,738		)
Deferred tax liabilities	(17,207		)		(10,998		)
Deferred tax asset, net	$	23,280			$	28,428

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: 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

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ 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

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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

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