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Net Income (Loss) Per Share and Equity
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Income Per Share and Equity
Net Income Per Share and Equity

Basic and Diluted Income Per Share

The following table presents net income per share (in thousands, except share and per share amounts):
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
 
Basic and Diluted Weighted-Average
Shares Outstanding 
 
Allocation of Net Income
 
Basic and Diluted Net Income
Per Share 
 
Basic and Diluted Weighted-Average
Shares Outstanding 
 
Allocation of Net Income
 
Basic and Diluted Net Income
Per Share 
Class A common stock
112,113,960

 
$
8,110

 
$
0.07

 
108,457,137

 
$
579

 
$
0.01

Class C common stock
31,441,399

 
2,217

 
0.07

 
30,764,145

 
41

 
0.00

Net income attributable to CPA:18 – Global
 
 
$
10,327

 
 
 
 
 
$
620

 
 
 
 
 
 
 
 
 
 
 
 
 
 

The allocation of Net income attributable to CPA:18 – Global is calculated based on the basic and diluted weighted-average shares outstanding for Class A and Class C common stock for each respective period. For both the three months ended March 31, 2018 and 2017, the allocation for Class A common stock excluded $0.1 million of interest expense related to the accretion of interest on our annual distribution and shareholder servicing fee liability, which is only applicable to Class C common stock (Note 3).

Distributions

Distributions are declared at the discretion of our board of directors and are not guaranteed. For the three months ended March 31, 2018, our board of directors declared quarterly distributions of $0.1563 per share for our Class A common stock and $0.1375 per share for our Class C common stock, which was paid on April 16, 2018 to stockholders of record on March 29, 2018, in the amount of $21.8 million.

Reclassifications Out of Accumulated Other Comprehensive Loss

The following tables present a reconciliation of changes in Accumulated other comprehensive loss by component for the periods presented (in thousands):
 
Three Months Ended March 31, 2018
 
Gains and Losses
on Derivative Instruments
 
Foreign Currency Translation Adjustments
 
Total
Beginning balance
$
(1,082
)
 
$
(32,130
)
 
$
(33,212
)
Other comprehensive income before reclassifications
(705
)
 
11,577

 
10,872

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
Interest expense
114

 
—

 
114

Other gains and (losses)
(68
)
 
—

 
(68
)
Net current-period Other comprehensive income
(659
)
 
11,577

 
10,918

Net current-period Other comprehensive income attributable to noncontrolling interests
—

 
(1,617
)
 
(1,617
)
Ending balance
$
(1,741
)
 
$
(22,170
)
 
$
(23,911
)

 
Three Months Ended March 31, 2017
 
Gains and Losses
on Derivative Instruments
 
Foreign Currency Translation Adjustments
 
Total
Beginning balance
$
5,587

 
$
(67,291
)
 
$
(61,704
)
Other comprehensive income before reclassifications
(225
)
 
4,155

 
3,930

Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
Interest expense
216

 
—

 
216

Other gains and (losses)
(448
)
 
—

 
(448
)
Net current-period Other comprehensive income
(457
)
 
4,155

 
3,698

Net current-period Other comprehensive income attributable to noncontrolling interests
—

 
(529
)
 
(529
)
Ending balance
$
5,130

 
$
(63,665
)
 
$
(58,535
)

See Note 8 for additional information on our derivative activity recognized within Other comprehensive income for the periods presented.