XML 49 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
EQUITY STRUCTURE AND ACCOUNTS (Tables)
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
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 nine months ended September 30, 2017 and 2016 ($ in thousands):

 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2016
 
 
 
$
44,353

Additional authorizations
 
 
 

Repurchases paid
 

 

Repurchases unsettled
 
 
 

Authorizations remaining as of September 30, 2017
 
 
 
$
44,353

 
(1)         Amount excludes commissions paid associated with share repurchases.
 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2015
 
 
 
$
49,006

Additional authorizations
 
 
 

Repurchases paid
 
424,317

 
(4,653
)
Repurchases unsettled
 
 
 

Authorizations remaining as of September 30, 2016
 
 
 
$
44,353

 
(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 nine months ended September 30, 2017 and 2016:

Declaration Date
 
Dividend per Share
 
 
 
March 1, 2017
 
$
0.300

June 1, 2017
 
0.300

September 1, 2017
 
0.300

Total
 
$
0.900

 
 
 
March 1, 2016
 
$
0.275

June 1, 2016
 
0.275

September 1, 2016
 
0.275

Total
 
$
0.825

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 amortized cost basis of securities classified as available for sale for the three and nine months ended September 30, 2017 and 2016 ($ in thousands):
 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income
 
 
 
 
 
 
 
December 31, 2016
 
$
1,365

 
$
761

 
$
2,126

Other comprehensive income (loss)
 
1,854

 
1,847

 
3,701

Exchange of noncontrolling interest for common stock
 
1,422

 
(1,422
)
 

Rebalancing of ownership percentage between Company and Operating Partnership
 
(243
)
 
243

 

September 30, 2017
 
$
4,398

 
$
1,429

 
$
5,827


 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income
 
 
 
 
 
 
 
December 31, 2015
 
$
(3,556
)
 
$
(2,839
)
 
$
(6,395
)
Other comprehensive income (loss)
 
30,171

 
23,104

 
53,275

Exchange of noncontrolling interest for common stock
 
928

 
(928
)
 

Rebalancing of ownership percentage between Company and Operating Partnership
 
350

 
(350
)
 

September 30, 2016
 
$
27,893

 
$
18,987

 
$
46,880