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QUARTERLY INFORMATION (UNAUDITED) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY INFORMATION (UNAUDITED) | QUARTERLY INFORMATION (UNAUDITED)
Year Ended December 31, 2015 | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total (1)
Total revenues | $ | 260,909 |  |  | $ | 253,843 |  |  | $ | 262,636 |  |  | $ | 277,630 |  |  | $ | 1,055,018 |
Income from operations (2) | 85,032 |  |  | 89,858 |  |  | 94,007 |  |  | 8,687 |  |  | 277,584 |
Income (loss) from continuing operations (3) | 53,205 |  |  | 48,331 |  |  | 44,432 |  |  | (26,953 | ) |  | 119,015 |
Net income (loss) | 53,205 |  |  | 48,331 |  |  | 44,432 |  |  | (26,953 | ) |  | 119,015 |
Net income (loss) attributable to the Company | 46,164 |  |  | 41,895 |  |  | 37,569 |  |  | (22,257 | ) |  | 103,371 |
Net income (loss) attributable to common shareholders | 34,941 |  |  | 30,672 |  |  | 26,346 |  |  | (33,480 | ) |  | 58,479 |
Basic per share data attributable to common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations, net of preferred dividends | $ | 0.21 |  |  | $ | 0.18 |  |  | $ | 0.15 |  |  | $ | (0.20 | ) |  | $ | 0.34 |
Net income (loss) attributable to common shareholders | $ | 0.21 |  |  | $ | 0.18 |  |  | $ | 0.15 |  |  | $ | (0.20 | ) |  | $ | 0.34 |
Diluted per share data attributable to common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations, net of preferred dividends | $ | 0.20 |  |  | $ | 0.18 |  |  | $ | 0.15 |  |  | $ | (0.20 | ) |  | $ | 0.34 |
Net income (loss) attributable to common shareholders | $ | 0.20 |  |  | $ | 0.18 |  |  | $ | 0.15 |  |  | $ | (0.20 | ) |  | $ | 0.34 |
Year Ended December 31, 2014 | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total
Total revenues | $ | 261,243 |  |  | $ | 256,933 |  |  | $ | 258,714 |  |  | $ | 283,849 |  |  | $ | 1,060,739 |
Income from operations (4) | 76,169 |  |  | 97,253 |  |  | 97,386 |  |  | 104,335 |  |  | 375,143 |
Income from continuing operations (5) | 64,292 |  |  | 44,077 |  |  | 57,204 |  |  | 87,406 |  |  | 252,979 |
Discontinued operations | (516 | ) |  | 48 |  |  | 76 |  |  | 446 |  |  | 54 |
Net income | 63,776 |  |  | 44,125 |  |  | 57,280 |  |  | 87,852 |  |  | 253,033 |
Net income attributable to the Company | 55,294 |  |  | 37,958 |  |  | 49,342 |  |  | 76,556 |  |  | 219,150 |
Net income attributable to common shareholders | 44,071 |  |  | 26,735 |  |  | 38,119 |  |  | 65,333 |  |  | 174,258 |
Basic per share data attributable to common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of preferred dividends | $ | 0.26 |  |  | $ | 0.16 |  |  | $ | 0.22 |  |  | $ | 0.38 |  |  | $ | 1.02 |
Net income attributable to common shareholders | $ | 0.26 |  |  | $ | 0.16 |  |  | $ | 0.22 |  |  | $ | 0.38 |  |  | $ | 1.02 |
Diluted per share data attributable to common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations, net of preferred dividends | $ | 0.26 |  |  | $ | 0.16 |  |  | $ | 0.22 |  |  | $ | 0.38 |  |  | $ | 1.02 |
Net income attributable to common shareholders | $ | 0.26 |  |  | $ | 0.16 |  |  | $ | 0.22 |  |  | $ | 0.38 |  |  | $ | 1.02 |
(1) | The sum of quarterly EPS may differ from annual EPS due to rounding.
(2) | Income from operations for the quarter ended December 31, 2015 includes a $102,280 loss on impairment of real estate primarily related to Chesterfield Mall (see Note 15).
(3) | Income from continuing operations for the quarter ended March 31, 2015 includes $16,560 gain on investment related to the sale of available-for-sale securities (see Note 2) and also includes $14,173 and $14,065 related to gain on sales of real estate assets for the quarters ended June 30, 2015 and December 31, 2015, respectively.
(4) | Income from operations for the quarter ended March 31, 2014 includes a $17,150 loss on impairment of real estate related to Chapel Hill Mall and Lakeshore Mall (see Note 4 and Note 15).
(5) | Income from continuing operations for the quarters ended March 31, 2014, September 30, 2014 and December 31, 2014 includes a $43,932, $18,296 and $27,171 gain on extinguishment of debt related to Citadel Mall, Chapel Hill Mall and Columbia Place, respectively (See Note 4 and Note 6).

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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