Rendering

Component: (Network and Table)
Network
2304301 - Disclosure - Income Taxes (Tables)
(http://www.americancampus.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Schedule of significant components of deferred tax assets and liabilities of TRSs
Significant components of the deferred tax assets and liabilities of the TRSs are as follows:
 
 
December 31,
 
 
2016
 
2015
Deferred tax assets:
 
 
 
 
Fixed and intangible assets
 
$
2,074

 
$
2,663

Net operating loss carryforwards
 
9,492

 
7,887

Prepaid and deferred income
 
2,417

 
2,326

Bad debt reserves
 
754

 
725

Accrued expenses and other
 
5,251

 
4,578

Stock compensation
 
2,866

 
2,454

Total deferred tax assets
 
22,854

 
20,633

Valuation allowance for deferred tax assets
 
(22,688
)
 
(20,431
)
Deferred tax assets, net of valuation allowance
 
166

 
202

 
 
 
 
 
Deferred tax liability:
 
 

 
 

Deferred financing costs
 
166

 
202

 
 
 
 
 
Net deferred tax liabilities
 
$

 
$

 
 
Schedule of significant components of income tax provision
Significant components of the Company’s income tax provision are as follows: 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Current:
 
 

 
 

 
 

  Federal
 
$

 
$

 
$

  State
 
(1,150
)
 
(1,242
)
 
(1,308
)
Deferred:
 
 

 
 

 
 

Federal
 

 

 

State
 

 

 

Total provision - continuing operations
 
$
(1,150
)
 
$
(1,242
)
 
$
(1,308
)
 
 
Schedule of reconciliation of income tax attributable to continuing operations for the TRSs computed at the U.S. statutory rate to income tax provision
The reconciliation of income tax attributable to continuing operations for the TRSs computed at the U.S. statutory rate to income tax provision is as follows:
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Tax benefit at U.S. statutory rates on TRS income
  subject to tax
 
$
2,303

 
$
2,019

 
$
1,928

State income tax, net of federal income tax benefit
 
85

 
74

 
71

Effect of permanent differences and other
 
(88
)
 
(77
)
 
(72
)
Increase in valuation allowance
 
(2,300
)
 
(2,016
)
 
(1,927
)
TRS income tax provision
 
$

 
$

 
$

 
 
Schedule of distributions to shareholders
A schedule of per share distributions the Company paid and reported to its shareholders, which is unaudited, is set forth in the following table:
 
 
Year Ended December 31,
Tax Treatment of Distributions:
 
2016
 
2015
 
2014
Ordinary income
 
$
0.3541

 
$
0.4658

 
$
0.9016

Long-term capital gain (1)
 
0.5145

 
0.5301

 
0.0107

Return of capital
 
0.7914

 
0.5841

 
0.5877

Total per common share outstanding
 
$
1.6600

 
$
1.5800

 
$
1.5000

 
(1) Unrecaptured Sec. 1250 gains of $0.5383, $0.5281 and $0.0248 were reported for the years ended December 31, 2016, the 2015, and 2014, respectively.