Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Tax Treatment of Distributions Per Common Share
During the year ended December 31, 2015, our tax treatment of distributions per common share was as follows:
 
2015
Tax treatment of distributions:
 
Ordinary income
$
1.105160

Qualified ordinary income
—

Long-term capital gain
—

Unrecaptured Section 1250 gain
—

Return of capital
0.034840

Distribution reported for 1099-DIV purposes
$
1.140000
Schedule of Components of Income Tax Expense (Benefit)
The provision for income taxes related to continuing operations consists of the following (in thousands):
 
Year Ended December 31,
 
2015
Current:


Federal
$
(91
)
State
(213
)
Total current
(304
)
Deferred:


Federal
114

State
(748
)
Total deferred
(634
)
Total income tax (provision)
$
(938
)
Schedule of Effective Income Tax Rate Reconciliation
Below is a reconciliation between the provision for income taxes and the amount computed by applying the federal statutory income tax rate to the income or loss for continuing operations before income taxes (in thousands):
 
Year Ended December 31,
 
2015
Provision for income taxes at statutory rate
$
(49,528
)
35.00
 %
Tax at statutory rate on earnings not subject to federal income taxes
49,561

(35.02
)
Income for which no book expense was recognized
—

0.00

Valuation allowances
—

0.00

State tax (provision) benefit, net of federal
(960
)
0.68

Other
(11
)
0.01

Total income tax (provision)

$
(938
)
0.67
 %
Schedule of Deferred Tax Assets and Liabilities
The components of the deferred tax liability at December 31, 2015 were as follows (in thousands):
 
Year Ended December 31,
 
2015
Deferred income
$
(138
)
Basis difference on tangible property
(804
)
Basis difference on intangible property
(947
)
Total
(1,889
)
Valuation adjustment
—

Total net deferred tax liability
$
(1,889
)