We accrue distributions when they are declared. The taxable nature of the dividends declared for each of the years  ended as indicated is summarized as follows: For the Year Ended December 31,  2003 2002  2001 Total dividends paid per share  $  2.40 $ 2.175 $  2.08 Percent taxable as ordinary income  95.1% 58.0% 71.0% Percent taxable as long-term capital gains  0.9% 36.6% 3.1% Percent taxable as unrecaptured Section 1250 gains  0.0% 5.4% 0.9% Percent non-taxable as return of capital  4.0% 0.0% 25.0% 100.0%  100.0%  100.0% In 2002, we adopted SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS No.  144”) that supersedes SFAS No. 121, “Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to  Be Disposed of.” SFAS No. 144 supersedes the accounting and reporting provisions of APB Opinion No. 30, “Reporting  the Results of Operations—Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual  and Infrequently Occurring Events and Transactions” for the disposal of a segment of a business. SFAS No. 144 provides  a framework for the evaluation of impairment of long-lived assets, the treatment of assets held for sale or to be otherwise  disposed of, and the reporting of discontinued operations. SFAS No. 144 requires us to reclassify any material operations  related to consolidated properties sold during the period that were not classified as held for sale as of December 31, 2001  to discontinued operations. We have reclassified the results of operations of the 13 properties sold during 2003 described  in Note 4 to discontinued operations in the accompanying statements of operations and comprehensive income for 2003  and 2002. Their results of operations were not material to 2001. Revenues included in discontinued operations were $38.0  million for the year ended December 31, 2003 and $61.6 million for the year ended December 31, 2002. We made certain reclassifications of prior period amounts in the financial statements to conform to the 2003  presentation. These reclassifications have no impact on net income previously reported. These include reclassifying certain  home office and regional office costs, and general and administrative expenses; the adoption of SFAS No. 145 “Rescission  of FASB Statements No. 4, 44, and 64, Amendment of SFAS No. 13, and Technical Corrections” (“SFAS No. 145”); and  reclassifications in the statements of cash flows in 2001.  As a result of the consolidation of the Management Company, we have elected to present “home and regional office  costs” and “general and administrative” expenses as separate expense captions. In 2002 and 2001, “home and regional office  costs” and “general and administrative” expenses incurred related to consolidated Properties were included in “Property  operating” expense. These expenses have been reclassified to conform with the current year presentation. In 2002, we  reclassified $44.8 million from property operating expenses, $0.3 million from advertising and promotion, and $3.2 million  from other expenses to the “home and regional office costs” and “general and administrative” categories. In 2001, we  reclassified $43.1 million from property operating expenses, $1.7 million from advertising and promotion, and $3.1 million  from other expenses to the “home and regional office costs” and “general and administrative” categories. “Home and regional  office costs” include salary and benefits, office rent, office expenses and information services expenses incurred in our home  office and regional offices. “General and administrative” expenses represent the costs of operating as a public company and  include such items as stock exchange fees, public and investor relations expenses, certain executive officers’ compensation  expenses, audit fees, and legal fees.  Effective January 1, 2003, we adopted SFAS No. 145 and therefore we have reclassified for all periods presented in  the accompanying statements of operations and comprehensive income those items which no longer qualify as extraordinary  items to income from continuing operations. In 2002, we reclassified $14.3 million, or $0.06 per share, of gains from debt  extinguishments of consolidated Properties to “Gains from debt related transactions, net.” Reclassifications 57 2003 annual report Discontinued Operations