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Stockholders' Equity
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Stockholders' Equity
Stockholders' Equity
Common Stock
On May 9, 2016, the Company entered into an Equity Distribution Agreement with RBC Capital Markets, LLC, KeyBanc Capital Markets Inc. and Morgan Stanley & Co. LLC (collectively, the Agents). Pursuant to the terms of the Equity Distribution Agreement, the Company may offer and sell shares of the Company’s Class A common stock, par value $0.01 per share, from time to time through the Agents, as the Company’s sales agents for the offer and sale of the shares, up to an aggregate sales price of $200.0 million. The Company intends to use the net proceeds from the sale of the shares for general corporate purposes, which may include the repayment of indebtedness and the funding of acquisitions and investments. For the six months ended June 30, 2017, the Company did not sell any shares under the Equity Distribution Agreement. As of June 30, 2017, approximately $170.8 million in aggregate offering price remained available to be sold under the agreement.
Dividends
The following table presents cash dividends declared on Class A common stock for the periods presented:
 
Dividends
Per Share
 
Declaration Date
 
Record Date
 
Payment Date
2017:
 
 
 
 
 
 
 
Second Quarter
$
0.4180

 
May 4, 2017
 
June 30, 2017
 
July 31, 2017
First Quarter
$
0.4138

 
February 24, 2017
 
March 31, 2017
 
April 28, 2017

Noncontrolling Interests
The following table presents the balances for noncontrolling interests by project (in thousands):
 
June 30,
 
December 31,
 
2017
 
2016
El Arrayán
$
31,644

 
$
32,237

Logan's Gap
174,553

 
180,092

Panhandle 1
180,510

 
190,415

Panhandle 2
160,458

 
170,139

Post Rock
169,407

 
178,676

Amazon Wind Farm Fowler Ridge
137,637

 
139,687

Broadview Project
$
321,221

 
$
—

Noncontrolling interest
$
1,175,430

 
$
891,246


On June 16, 2017, the Company entered into a Purchase and Sale Agreement (the PH2 PSA) with PSP. Upon the terms and subject to the conditions set forth in the PH2 PSA, at the closing, the Company (or one or more of its affiliates) will sell to the investor 49% of the Class B membership interests in Panhandle 2 holdings (which holds 100% of the membership interests in Panhandle 2) for consideration of $58.8 million (subject to certain adjustments).
The following table presents the components of total noncontrolling interest as reported in stockholders’ equity and the consolidated balance sheets (in thousands):
 
Capital
 
Accumulated Loss
 
Accumulated Other Comprehensive Loss
 
Noncontrolling Interest
Balances at December 31, 2015
$
972,241

 
$
(27,426
)
 
$
(553
)
 
$
944,262

Distributions to noncontrolling interests
(8,187
)
 
—

 
—

 
(8,187
)
Other
(469
)
 
—

 
—

 
(469
)
Net loss
—

 
(17,801
)
 
—

 
(17,801
)
Other comprehensive income, net of tax
—

 
—

 
(1,135
)
 
(1,135
)
Balances at June 30, 2016
$
963,585

 
$
(45,227
)
 
$
(1,688
)
 
$
916,670

 
 
 
 
 
 
 
 
Balances at December 31, 2016
$
954,242

 
$
(62,614
)
 
$
(382
)
 
$
891,246

Increase in noncontrolling interest from acquisition
325,600

 
—

 
—

 
325,600

Distributions to noncontrolling interests
(9,164
)
 
—

 
—

 
(9,164
)
Other
(127
)
 
—

 
—

 
(127
)
Net loss
—

 
(32,018
)
 
—

 
(32,018
)
Other comprehensive income, net of tax
—

 
—

 
(107
)
 
(107
)
Balances at June 30, 2017
$
1,270,551

 
$
(94,632
)
 
$
(489
)
 
$
1,175,430