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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short- and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments. The accounting policies of the reportable segments are the same as those described in Note 2. Information on the Company’s reportable segments is presented as follows:
Year Ended December 31, 2015
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
944,553

 
$
40,392

 
$
19,944

 
$
50,129

 
$
1,055,018

Property operating expenses (2)
 
(274,288
)
 
(9,364
)
 
(4,500
)
 
4,807

 
(283,345
)
Interest expense
 
(166,922
)
 
(7,285
)
 
(4,236
)
 
(50,900
)
 
(229,343
)
Other expense
 
(19
)
 
—

 
—

 
(26,938
)
 
(26,957
)
Gain on sales of real estate assets
 
264

 
16,260

 
5,071

 
10,637

 
32,232

Segment profit (loss)
 
$
503,588

 
$
40,003

 
$
16,279

 
$
(12,265
)
 
547,605

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(299,069
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(62,118
)
Interest and other income
 
 

 
 

 
 

 
 

 
6,467

Gain on extinguishment of debt
 
 

 
 

 
 

 
 

 
256

Loss on impairment
 
 

 
 

 
 

 
 

 
(105,945
)
Gain on investment
 
 
 
 
 
 
 
 
 
16,560

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
18,200

Income tax provision
 
 

 
 

 
 

 
 

 
(2,941
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
119,015

Total assets
 
$
5,766,084

 
$
252,188

 
$
263,614

 
$
198,105

 
$
6,479,991

Capital expenditures (3)
 
$
393,194

 
$
5,186

 
$
2,299

 
$
24,134

 
$
424,813



Year Ended December 31, 2014
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
933,736

 
$
41,527

 
$
18,600

 
$
66,876

 
$
1,060,739

Property operating expenses (2)
 
(282,796
)
 
(9,500
)
 
(5,260
)
 
3,659

 
(293,897
)
Interest expense
 
(198,758
)
 
(7,959
)
 
(2,510
)
 
(30,597
)
 
(239,824
)
Other expense
 
(20
)
 
—

 
—

 
(32,277
)
 
(32,297
)
Gain on sales of real estate assets
 
3,537

 
937

 
107

 
761

 
5,342

Segment profit
 
$
455,699

 
$
25,005

 
$
10,937

 
$
8,422

 
500,063

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(291,273
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(50,271
)
Interest and other income
 
 

 
 

 
 

 
 

 
14,121

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
87,893

Loss on impairment
 
 
 
 
 
 
 
 
 
(17,858
)
Equity in earnings of unconsolidated affiliates
 
 
 
 

 
 

 
 

 
14,803

Income tax provision
 
 

 
 

 
 

 
 

 
(4,499
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
252,979

Total assets (4)
 
$
5,655,621

 
$
273,506

 
$
282,011

 
$
388,034

 
$
6,599,172

Capital expenditures (3)
 
$
198,205

 
$
17,157

 
$
3,160

 
$
99,273

 
$
317,795


 
Year Ended December 31, 2013
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
930,081

 
$
41,726

 
$
17,937

 
$
63,881

 
$
1,053,625

Property operating expenses (2)
 
(300,172
)
 
(10,298
)
 
(3,568
)
 
17,831

 
(296,207
)
Interest expense
 
(206,779
)
 
(8,148
)
 
(2,397
)
 
(14,532
)
 
(231,856
)
Other expense
 
—

 
—

 
—

 
(28,826
)
 
(28,826
)
Gain on sales of real estate assets
 
295

 
—

 
452

 
1,233

 
1,980

Segment profit
 
$
423,425

 
$
23,280

 
$
12,424

 
$
39,587

 
498,716

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(278,911
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(48,867
)
Interest and other income
 
 

 
 

 
 

 
 

 
10,825

Loss on extinguishment of debt
 
 
 
 
 
 
 
 
 
(9,108
)
Loss on impairment
 
 
 
 
 
 
 
 
 
(70,049
)
Gain on investment
 
 

 
 

 
 

 
 

 
2,400

Equity in earnings of unconsolidated affiliates
 
 
 
 

 
 

 
 

 
11,616

Income tax provision
 
 

 
 

 
 

 
 

 
(1,305
)
Income from continuing operations 
 
 

 
 

 
 

 
 

 
$
115,317

Total assets (4)
 
$
5,907,813

 
$
273,392

 
$
222,462

 
$
366,020

 
$
6,769,687

Capital expenditures (3)
 
$
203,210

 
$
10,718

 
$
8,052

 
$
126,803

 
$
348,783

(1)
The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services.
(2)
Property operating expenses include property operating, real estate taxes and maintenance and repairs.
(3)
Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates.  Developments in progress are included in the All Other category.
(4)
See Note 2 for information related to the adoption of new accounting pronouncements in the fourth quarter of 2015 that have been retrospectively applied, resulting in reclassification of certain debt issuance costs from total assets to total mortgage and other indebtedness in the above tables and consisted of $17,127 and $16,284 for the years ending December 31, 2014 and 2013, respectively.