Segment Reporting
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
 
We operate in two reportable business segments: Net Lease and Self Storage. Our Net Lease segment includes our domestic and foreign investments in net-leased properties, whether they are accounted for as operating or direct financing leases. Our Self Storage segment is comprised of our investments in self-storage properties. In addition, we have investments in loans receivable, CMBS, one hotel, and other properties, which are included in our All Other category. The following tables present a summary of comparative results and assets for these business segments (in thousands):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Net Lease
 
 
 
 
 
Revenues
$
389,709

 
$
366,904

 
$
340,791

Operating expenses (a)
(180,376
)
 
(136,838
)
 
(132,206
)
Interest expense
(87,703
)
 
(85,138
)
 
(85,563
)
Other income and (expenses), excluding interest expense (b)
10,412

 
18,508

 
8,190

Provision for income taxes
(2,887
)
 
(7,458
)
 
(9,486
)
Gain on sale of real estate, net of tax
—

 
2,197

 
12,451

Net income attributable to noncontrolling interests
(14,098
)
 
(15,247
)
 
(12,415
)
Net income attributable to CPA®:17 – Global
$
115,057

 
$
142,928

 
$
121,762

Self-Storage
 
 
 
 
 
Revenues
$
43,979

 
$
46,418

 
$
42,091

Operating expenses
(36,094
)
 
(32,575
)
 
(32,797
)
Interest expense
(8,744
)
 
(7,655
)
 
(7,723
)
Other income and (expenses), excluding interest expense (c)
25,920

 
(1,858
)
 
(2,032
)
Provision for income taxes
(183
)
 
(167
)
 
(192
)
Gain on sale of real estate, net of tax
132,858

 
—

 
790

Net income attributable to CPA®:17 – Global
$
157,736

 
$
4,163

 
$
137

All Other
 
 
 
 
 
Revenues
$
6,674

 
$
13,625

 
$
13,824

Operating expenses
(633
)
 
(1,712
)
 
(7,215
)
Interest expense
(5
)
 
404

 
906

Other income and (expenses), excluding interest expense (d)
(8,419
)
 
(1,691
)
 
17,541

Provision for income taxes
(4,671
)
 
(150
)
 
(98
)
Gain on sale of real estate, net of tax
—

 
—

 
97

Net (loss) income attributable to CPA®:17 – Global
$
(7,054
)
 
$
10,476

 
$
25,055

Corporate
 
 
 
 
 
Unallocated Corporate Overhead (e)
$
(50,629
)
 
$
(48,694
)
 
$
(52,376
)
Net income attributable to noncontrolling interests – Available Cash Distributions
$
(24,765
)
 
$
(24,668
)
 
$
(20,427
)
Total Company
 
 
 
 
 
Revenues
$
440,362

 
$
426,947

 
$
396,706

Operating expenses (a)
(263,802
)
 
(218,892
)
 
(221,226
)
Interest expense
(98,813
)
 
(93,551
)
 
(93,001
)
Other income and (expenses), excluding interest expense (b) (c) (d)
27,080

 
16,304

 
21,901

Provision for income taxes
(8,477
)
 
(8,885
)
 
(10,725
)
Gain on sale of real estate, net of tax
132,858

 
2,197

 
13,338

Net income attributable to noncontrolling interests
(38,863
)
 
(39,915
)
 
(32,842
)
Net income attributable to CPA®:17 – Global
$
190,345

 
$
84,205

 
$
74,151


 
Total Long-Lived Assets at December 31, (f)
 
Total Assets at December 31,
 
2016
 
2015
 
2016
 
2015
Net Lease (g)
$
3,210,351

 
$
3,169,885

 
$
3,905,402

 
$
3,956,239

Self-Storage
240,095

 
261,273

 
252,195

 
269,081

All Other
228,763

 
257,844

 
266,231

 
309,288

Corporate
—

 
—

 
275,095

 
78,582

Total Company
$
3,679,209

 
$
3,689,002

 
$
4,698,923

 
$
4,613,190


___________
(a)
Includes an impairment charge of $29.2 million recognized on one property for the year ended December 31, 2016 (Note 8).
(b)
For the years ended December 31, 2016 and 2014, amounts include impairment charges of $1.9 million and $0.8 million, respectively, related to certain of our equity investments (Note 8).
(c)
Includes a Gain on change in control of interests of $49.9 million for the year ended December 31, 2016 (Note 4). Includes loss on extinguishment of debt of $23.6 million for the year ended December 31, 2016 (Note 10).
(d)
For the year ended December 31, 2016, our Shelborne equity method investment recorded a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement and a $10.6 million gain representing the portion of losses guaranteed by the previous management company under the terms of the management agreement.
(e)
Included in unallocated corporate overhead are asset management fees, and general and administrative expenses, as well as interest expense and other charges related to our Senior Credit Facility. These expenses are calculated and reported at the portfolio level and not evaluated as part of any segment’s operating performance.
(f)
Includes Net investments in real estate and Equity investments in real estate.
(g)
Includes a property classified as Assets held for sale as of December 31, 2016 (Note 14).

Our portfolio is comprised of domestic and international investments. The following tables present the geographic information (in thousands):
As of and for the Year Ended December 31, 2016
 
Texas
 
Other Domestic
 
International (a)
 
Total
Revenues
 
$
67,860

 
$
255,939

 
$
116,563

 
$
440,362

Operating expenses (b)
 
(75,455
)
 
(137,928
)
 
(50,419
)
 
(263,802
)
Net income
 
(11,730
)
 
212,717

 
28,221

 
229,208

Net income attributable to noncontrolling interests
 
—

 
(37,580
)
 
(1,283
)
 
(38,863
)
Net income attributable to CPA®:17 – Global
 
(11,730
)
 
175,137

 
26,938

 
190,345

Long-lived assets (c)
 
282,519

 
2,232,192

 
1,164,498

 
3,679,209

Debt (d)
 
249,336

 
1,186,752

 
635,913

 
2,072,001

 
 
 
 
 
 
 
 
 
As of and for the Year Ended December 31, 2015
 
Texas
 
Other Domestic
 
International (a)
 
Total
Revenues
 
$
63,933

 
$
249,961

 
$
113,053

 
$
426,947

Operating expenses
 
(42,934
)
 
(132,637
)
 
(43,321
)
 
(218,892
)
Net income
 
9,317

 
74,577

 
40,226

 
124,120

Net income attributable to noncontrolling interests
 
—

 
(37,173
)
 
(2,742
)
 
(39,915
)
Net income attributable to CPA®:17 – Global
 
9,317

 
37,404

 
37,484

 
84,205

Long-lived assets (c)
 
338,710

 
2,187,513

 
1,162,779

 
3,689,002

Debt (d)
 
268,171

 
1,212,556

 
513,881

 
1,994,608

 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2014
 
Texas
 
Other Domestic
 
International (a)
 
Total
Revenues
 
$
58,167

 
$
224,101

 
$
114,438

 
$
396,706

Operating expenses
 
(38,776
)
 
(137,915
)
 
(44,535
)
 
(221,226
)
Net income
 
8,110

 
62,071

 
36,812

 
106,993

Net income attributable to noncontrolling interests
 
—

 
(32,094
)
 
(748
)
 
(32,842
)
Net income attributable to CPA®:17 – Global
 
8,110

 
29,977

 
36,064

 
74,151

___________
(a)
All years include investments in Croatia, Germany, Hungary, Japan, Poland, the Netherlands, Norway, Spain, Italy, and the United Kingdom; 2016 and 2015 include investments in the Czech Republic and Slovakia; and 2016 includes an investment in Lithuania.
(b)
Amount for Texas includes an impairment charge of $29.2 million recognized on one property for the year ended December 31, 2016 (Note 8).
(c)
Consists of Net investments in real estate and Equity investments in real estate.
(d)
Consists of Non-recourse debt, net and Senior Credit Facility, net.