XML 57 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Real estate (Tables)
 12 Months Ended
Dec. 31, 2012
Real Estate [Abstract]  
Schedule of Real Estate Assets
The Company's real estate assets were comprised of the following ($ in thousands):
 
Net Lease
Assets
 
Operating
Properties
 
Land
 
Total
As of December 31, 2012
 
 
 
 
 
 
 
Land and land improvements
$
344,239

 
$
132,028

 
$
786,114

 
$
1,262,381

Buildings and improvements
1,295,081

 
669,186

 
—

 
1,964,267

Less: accumulated depreciation and amortization
(315,699
)
 
(109,634
)
 
(2,292
)
 
(427,625
)
Real estate, net
$
1,323,621

 
$
691,580

 
$
783,822

 
$
2,799,023

Real estate available and held for sale
—

 
454,587

 
181,278

 
635,865

Total real estate
$
1,323,621

 
$
1,146,167

 
$
965,100

 
$
3,434,888

As of December 31, 2011
 
 
 
 
 
 
 
Land and land improvements
$
378,458

 
$
84,010

 
$
851,272

 
$
1,313,740

Buildings and improvements
1,394,691

 
636,241

 
—

 
2,030,932

Less: accumulated depreciation and amortization
(302,851
)
 
(90,383
)
 
(3,527
)
 
(396,761
)
Real estate, net
$
1,470,298

 
$
629,868

 
$
847,745

 
$
2,947,911

Real estate available and held for sale
—

 
551,998

 
125,460

 
677,458

Total real estate
$
1,470,298

 
$
1,181,866

 
$
973,205

 
$
3,625,369
Schedule of Reclassified Income Statement Items
In connection with the reclassification of these assets to held and used, the Company reclassified their results of operations for each of the periods presented, as follows:

 
For the Years Ended December 31,
 
2012
 
2011
 
2010
Other income
$
21,148

 
$
21,663

 
$
22,751

Real estate expenses
$
(22,603
)
 
$
(24,297
)
 
$
(25,612
)
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The following table summarizes income from discontinued operations for the years ended December 31, 2012, 2011 and 2010, respectively ($ in thousands):
 
For the Years Ended December 31,
 
2012
 
2011
 
2010
Revenues
$
5,561

 
$
16,512

 
$
88,536

Total expenses
(2,450
)
 
(14,683
)
 
(62,143
)
Impairment of assets
(22,576
)
 
(9,147
)
 
(9,572
)
Income (loss) from discontinued operations
$
(19,465
)

$
(7,318
)
 
$
16,821
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated aggregate amortization costs for each of the five succeeding fiscal years are as follows ($ in thousands):
2013
$
11,534

2014
$
9,221

2015
$
7,589

2016
$
6,770

2017
$
5,721
Schedule of Future Minimum Rental Payments for Operating Leases
Future Minimum Operating Lease Payments—Future minimum operating lease payments under non-cancelable leases, excluding customer reimbursements of expenses, in effect at December 31, 2012, are as follows ($ in thousands):
Year
Net Lease Assets
 
Operating Properties
2013
$
126,777

 
$
54,590

2014
$
129,622

 
$
53,516

2015
$
130,871

 
$
48,925

2016
$
128,347

 
$
46,426

2017
$
121,533

 
$
43,754

Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands):
2013
$
5,479

2014
$
4,835

2015
$
4,469

2016
$
4,582

2017
$
4,210

Thereafter
$
9,265