EQUITY STRUCTURE AND ACCOUNTS (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Repurchase of Treasury Stock Activity

The following table is a summary of the Company’s repurchase activity of its Class A common stock during the year ended December 31, 2015 ($ in thousands):



	Shares	Amount(1)

Authorizations remaining as of December 31, 2014		$	50,000
Additional authorizations		—
Repurchases paid	84,203	(994		)
Repurchases unsettled		—
Authorizations remaining as of December 31, 2015		$	49,006

(1) Amount excludes commissions paid associated with share repurchases.

Schedule of Dividends Declared and Paid

The following table presents dividends declared (on a per share basis) of Class A common stock for the year ended December 31, 2015:



Declaration Date	Dividend per Share

March 12, 2015	$	0.250
June 8, 2015	0.250
September 1, 2015	0.275
December 1, 2015	1.450		(1)
Total	$	2.225

(1) On November 30, 2015, our board of directors approved the fourth quarter 2015 dividend of $1.45 per share of our Class A common stock in order to meet our annual REIT taxable income distribution requirement and our one time E&P Distribution requirement.

The following table presents the tax treatment for our aggregate distributions per share of common stock paid for the year ended December 31, 2015:



Record Date	Payment Date		Dividend per Share		Ordinary Dividends		Qualified Dividends (1)		Capital Gain		Unrecaptured 1250 Gain (2)

April 6, 2015	April 15, 2015		$	0.250	$	0.250	$	0.250	$	—	$	—
June 15, 2015	July 1, 2015		0.250		0.250		0.250		—		—
September 10, 2015	October 1, 2015		0.275		0.275		0.275		—		—
December 10, 2015	January 21, 2016	(3)	1.450		1.306		0.156		0.144		0.020
Total			$	2.225	$	2.081	$	0.931	$	0.144	$	0.020

(1) The fourth quarter dividend paid on January 21, 2016 is considered a 2015 dividend for U.S. federal income tax purposes.

(2) For 2015, Qualified Dividends represents the portion of total Ordinary Dividends which constitutes "qualified dividend income", as defined by the Internal Revenue Code.

(3) For 2015, Unrecaptured 1250 Gain represents the portion of total Capital Gain which constitutes gain required to be taxed as "Unrecaptured Section 1250 Gain", as defined by the Internal Revenue Code.

Schedule of Accumulated Other Comprehensive Income

The following table presents changes in accumulated other comprehensive income related to the cumulative difference between the fair market value and the carrying value of CMBS for the year ended December 31, 2015 ($ in thousands):



	Accumulated Other Comprehensive Income (Loss)			Accumulated Other Comprehensive Income of Noncontrolling Interests			Total Accumulated Other Comprehensive Income

December 31, 2014	$	15,656		$	14,494		$	30,150
Other comprehensive income (loss)	(20,046		)	(16,499		)	(36,545		)
Exchange of noncontrolling interest for common stock	645			(645		)	—
Rebalancing of ownership percentage between Company and Operating Partnership	189			(189		)	—
December 31, 2015	$	(3,556	)	$	(2,839	)	$	(6,395	)