XML 55 R27.htm IDEA: XBRL DOCUMENT

8. DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2014

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2014			2013			2014			2013
Revenues:
Rental and other property revenues	$	(7	)	$	8,039		$	1,251		$	17,103
		(7	)		8,039			1,251			17,103
Expenses:
Property operating expenses		221			3,374			1,208			7,891
Depreciation		21			1,297			193			2,735
General and administrative		140			271			305			540
Total operating expenses		382			4,942			1,706			11,166

Other income (expense):
Other income		(528	)		20			(491	)		20
Mortgage and loan interest		(70	)		(2,047	)		(388	)		(4,326	)
Deferred borrowing costs amortization		3			(993	)		(278	)		(1,012	)
Loan charges and prepayment penalties		-			(3,200	)		-			(3,245	)
Litigation settlement		(205	)		(45	)		(250	)		(90	)
Total other expenses		(800	)		(6,265	)		(1,407	)		(8,653	)

Loss from discontinued operations before gain on sale of real estate and tax		(1,189	)		(3,168	)		(1,862	)		(2,716	)
Gain on sale of real estate from discontinued operations		7,003			18,074			13,057			25,301
Income tax expense		(2,035	)		(5,217	)		(3,918	)		(7,905	)
Income from discontinued operations	$	3,779		$	9,689		$	7,277		$	14,680

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details