Discontinued Operations
6 Months Ended
Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

In April 2014, the FASB issued ASU 2014-08, which amends the requirements for reporting discontinued operations (see Note 2). Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. The Company has early adopted the provisions of ASU 2014-08 beginning with the period ended March 31, 2014, and will apply the provisions prospectively. Properties that were reported as held for sale as of December 31, 2013, will continue to be reported under the prior standards and will be presented in discontinued operations until they are disposed of.
As a result, net gains or losses from the disposition of these properties, as well as the current and prior period operations, of these properties will continue to be reclassified to discontinued operations. The results of discontinued operations for the three and six months ended June 30, 2014 and 2013, are summarized below (dollars in thousands): 
 
Three Months Ended
 
Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Revenues:
 
 
 
 
 
 
 
Rent
$
309

 
$
2,228

 
$
617

 
$
4,450

Non-cash rent
2

 
(143
)
 
(27
)
 
(125
)
    Other
33

 
7

 
2,950

 
7

Total revenues
344

 
2,092

 
3,540

 
4,332

Expenses:
 
 
 
 
 
 
 
General and administrative
9

 
7

 
12

 
16

Property costs
56

 
266

 
195

 
340

Interest

 

 

 
194

Depreciation and amortization

 
1,213

 

 
2,590

Impairments

 
1,786

 

 
3,889

Total expenses
65

 
3,272

 
207

 
7,029

Gain (loss) from discontinued operations before other income
279

 
(1,180
)
 
3,333

 
(2,697
)
Other income:
 
 
 
 
 
 
 
Gain on debt extinguishment

 
1,028

 

 
1,028

Other

 
22

 

 
45

Total other income

 
1,050

 

 
1,073

Income (loss) from discontinued operations
279

 
(130
)
 
3,333

 
(1,624
)
Gain (loss) on dispositions of assets
92

 
(191
)
 
85

 
(11
)
Total discontinued operations
$
371

 
$
(321
)
 
$
3,418

 
$
(1,635
)
 Number of properties disposed of during period (a)
3

 
4

 
5

 
10

 
 
 
 
 
 
 
 
(a) During the six months ended June 30, 2014, seven properties were sold, but only five of them were held for sale at December 31, 2013 and qualified for discontinued operations under ASU 2014-08.