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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015				2014				2013
Current - Federal	$	—			$	—			$	—
State	770				269				257
Foreign	515				208				70
	1,285				477				327
Deferred - Federal	8,249				3,933				(1,626		)
State	2,315				1,105				(167		)
Foreign	(274		)		121				353
	10,290				5,159				(1,440		)
Income tax provision (benefit) from continuing operations	$	11,575			$	5,636			$	(1,113	)
Income tax provision from discontinued operations	$	—			$	—			$	1,097

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,
	2015				2014				2013
Statutory federal tax provision (35)%	$	34,272			$	59,155			$	7,950
Tax impact of REIT election	(21,544		)		(52,937		)		(8,641		)
State income tax provision, net of federal tax benefit	1,745				893				58
Foreign income tax benefit	(2,266		)		(1,603		)		(552		)
Foreign tax rate adjustment	—				—				—
Other	(632		)		128				72
Income tax provision (benefit) from continuing operations	$	11,575			$	5,636			$	(1,113	)

Schedule of Deferred Tax Assets and Liabilities

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

	2015				2014
Deferred income related to key money	$	8,844			$	8,636
Net operating loss carryforwards	25,210				31,178
Alternative minimum tax credit carryforwards	59				72
Other	335				601
Deferred tax assets	34,448				40,487
Less: Valuation allowance	(400		)		—
Subtotal	34,048				40,487
Land basis difference recorded in purchase accounting	(4,260		)		(4,260		)
Depreciation and amortization	(16,784		)		(12,947		)
Deferred tax liabilities	(21,044		)		(17,207		)
Deferred tax asset, net	$	13,004			$	23,280

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- Definition

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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- Definition

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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- 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

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