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Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Components of Net Deferred Tax Assets | Components of our net deferred tax assets at December 31, 2014 and 2013 are presented in the following table. Deferred Tax Assets (Liabilities)
(In Thousands) |  | December 31, 2014 |  |  | December 31, 2013 |
Deferred tax assets |  |  |  |  |  |  |  |
Net operating loss carryforward – state |  | $ | 91,579 |  |  |  | 90,138 |
Net capital loss carryforward – state |  |  | 27,308 |  |  |  | 34,189 |
Net operating loss carryforward – federal |  |  | 18,765 |  |  |  | 10,254 |
Net capital loss carryforward – federal |  |  | 7,903 |  |  |  | 6,905 |
Allowances and accruals |  |  | 2,355 |  |  |  | 5,667 |
Other |  |  | 210 |  |  |  | 170 |
Total deferred tax assets |  |  | 148,120 |  |  |  | 147,323 |
Deferred Tax Liabilities |  |  |  |  |  |  |  |
Real estate assets |  |  | (44,402 | ) |  |  | (34,935 | )
Interest rate agreements |  |  | (87 | ) |  |  | (535 | )
Tax effect of unrealized gains – OCI |  |  | (2,684 | ) |  |  | — |
Total deferred tax liabilites |  |  | (47,173 | ) |  |  | (35,470 | )
Valuation allowance |  |  | (111,183 | ) |  |  | (119,169 | )
Total Deferred Tax Liabilities, net of Valuation Allowance |  | $ | (10,236 | ) |  | $ | (7,316 | )
Provision for (Benefit from) Income Taxes | The following table summarizes the provision for income taxes for the years ended December 31, 2014, 2013, and 2012. Provision for Income Taxes
|  | Years Ended December 31, |
(In Thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Current provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 24 |  |  | $ | 3,490 |  |  | $ | 944 |
State |  |  | 17 |  |  |  | 142 |  |  |  | 347 |
Total current provision for income taxes |  |  | 41 |  |  |  | 3,632 |  |  |  | 1,291 |
Deferred provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 703 |  |  |  | 7,316 |  |  |  | — |
Total Provision for Income Taxes |  | $ | 744 |  |  | $ | 10,948 |  |  | $ | 1,291 |
Reconciliation of Statutory Tax Rate to Effective Tax Rate | The following is a reconciliation of the statutory federal and state rates to the effective rates, for the years ended December 31, 2014 and 2013. Reconciliation of Statutory Tax Rate to Effective Tax Rate
|  | Years Ended Decmber 31, |
|  | 2014 |  |  | 2013 |
Federal statutory rate |  |  | 34.0 % |  |  |  | 34.0% |
State statutory rate, net of Federal tax effect |  |  | 7.2 % |  |  |  | 7.2% |
Differences in taxable (loss) income from GAAP income |  |  | (14.5)% |  |  |  | (1.9)% |
Change in valuation allowance |  |  | (0.1)% |  |  |  | (16.4)% |
Dividends paid deduction |  |  | (25.9)% |  |  |  | (17.0)% |
Effective Tax Rate |  |  | 0.7 % |  |  |  | 5.9% |

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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 + Details
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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 + Details
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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 + Details
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