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Federal Income Tax Reporting (Tables) | 12 Months Ended
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Dec. 31, 2011
Federal Income Tax Reporting |
Schedule of income tax expense (benefit) reflected in condensed consolidated statements of income |
|  | For the years ended December 31, |
(Dollars in thousands) |  | 2011 |  | 2010 |  | 2009 |
Revised Texas franchise tax |  | $ | 253 |  | $ | 217 |  | $ | 242 |
Other Taxes |  | 14 |  | — |  | 6 |
Taxes on income |  | $ | 267 |  | $ | 217 |  | $ | 248 |
Schedule of reconciliation of book net income to taxable income |
|  | For the year ended December 31, |
(in thousands) |  | 2011 |  | 2010 |  | 2009 |
Net income per books |  | $ | 43,524 |  | $ | 22,093 |  | $ | 27,872 |
Adjustments to book income: |  |  |  |  |  |  |
Book depreciation and amortization |  | 48,439 |  | 40,724 |  | 39,652 |
Tax depreciation and amortization |  | (31,409 | ) | (26,901 | ) | (25,057 | )
Tax basis more than book basis on assets sold |  | (1,281 | ) | — |  | — |
Straight line rent adjustment, net |  | (9,783 | ) | (4,252 | ) | (1,879 | )
Deferred rent, net |  | 1,290 |  | 275 |  | 34 |
Non-taxable distributions |  | (767 | ) | (2,026 | ) | (2,435 | )
Other, net |  | 2,728 |  | 6,355 |  | 5,445 |
Taxable income |  | 52,741 |  | 36,268 |  | 43,632 |
Less: Capital gains recognized |  | (21,951 | ) | (293 | ) | (55 | )
Taxable income subject to distribution requirement |  | $ | 30,790 |  | $ | 35,975 |  | $ | 43,577 |
Summary of tax components of Company's common distribution paid per share |
|  | 2011 |  | 2010 |  | 2009 |
|  | Per Share |  | % |  | Per Share |  | % |  | Per Share |  | % |
Ordinary income |  | $ | 0.38 |  | 50.79 | % | $ | 0.46 |  | 60.36 | % | $ | 0.61 |  | 80.56 | %
Capital gain (1) |  | 0.27 |  | 35.17 | % | 0.00 |  | 0.48 | % | 0.00 |  | 0.10 | %
Return of capital |  | 0.11 |  | 14.04 | % | 0.30 |  | 39.16 | % | 0.15 |  | 19.34 | %
Total |  | $ | 0.76 |  | 100 | % | $ | 0.76 |  | 100 | % | $ | 0.76 |  | 100 | %
(1) For 2011, 2010 and 2009 the 29.78%, 0.48% and 0.10% of the total distributions are capital gains taxed at 15%.

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- Definition Tabular disclosure of income tax classification of the per share common stock dividend distributions into ordinary taxable distribution, long-term capital gain and return of capital. + References No definition available. + Details
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- Definition Tabular disclosure of reconciliation of book net income to taxable income. + References No definition available. + 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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 12 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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