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EQUITY STRUCTURE AND ACCOUNTS (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Class of Treasury Stock
The following table is a summary of the Company’s repurchase activity of its Class A common stock during the years ended December 31, 2018, 2017 and 2016 ($ in thousands):

 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2017
 
 
 
$
41,769

Additional authorizations
 
 
 
—

Repurchases paid
 
—

 
—

Repurchases unsettled
 
 
 
—

Authorizations remaining as of December 31, 2018
 
 
 
$
41,769

 
(1)         Amount excludes commissions paid associated with share repurchases.
 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2016
 
 
 
$
44,353

Additional authorizations
 
 
 
—

Repurchases paid
 
189,897

 
(2,584
)
Repurchases unsettled
 
 
 
—

Authorizations remaining as of December 31, 2017
 
 
 
$
41,769

 
(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 December 31, 2016
 
 
 
$
44,353

 
(1)         Amount excludes commissions paid associated with share repurchases.
Schedule of dividends declared and paid
The following table presents the tax treatment for our aggregate distributions per share of common stock paid for the years ended December 31, 2018, 2017 and 2016:

Record Date
 
Payment Date
 
Dividend per Share
 
Ordinary Dividends
 
Qualified Dividends
 
Capital Gain
 
Unrecaptured 1250 Gain
 
 
 
 
 
 
 
 
 
 
 
 
 
December 11, 2017
 
January 3, 2018
(1)
$
0.050

 
$
0.038

 
$
—

 
$
0.012

 
$
0.001

March 12, 2018
 
April 2, 2018
 
0.315

 
0.239

 
—

 
0.076

 
0.009

June 11, 2018
 
July 2, 2018
 
0.325

 
0.246

 
—

 
0.079

 
0.009

September 17, 2018
 
October 1, 2018
 
0.325

 
0.246

 
—

 
0.079

 
0.009

December 10, 2018
 
January 24, 2019
(2)
0.570

 
0.432

 
—

 
0.138

 
0.015

Total
 
 
 
$
1.585

 
$
1.201

 
$
—

 
$
0.384

 
$
0.043

 
(1)      $0.265 of the $0.315 fourth quarter dividend paid on January 3, 2018 is considered a 2017 dividend for U.S. federal income tax purposes. $0.050 is considered a 2018 dividend for U.S. federal income tax purposes and will be reflected in 2018 tax reporting.
(2)     The $0.570 fourth quarter dividend paid on January 24, 2019 is considered a 2018 dividend for U.S. federal income tax purposes.
Record Date
 
Payment Date
 
Dividend per Share
 
Ordinary Dividends
 
Qualified Dividends
 
Capital Gain
 
Unrecaptured 1250 Gain
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 27, 2016
 
January 24, 2017
(1)
$
0.059

 
$
0.054

 
$
—

 
$
0.005

 
$
—

March 13, 2017
 
April 3, 2017
 
0.300

 
0.276

 
—

 
0.024

 
—

June 12, 2017
 
July 3, 2017
 
0.300

 
0.276

 
—

 
0.024

 
—

September 11, 2017
 
October 2, 2017
 
0.300

 
0.276

 
—

 
0.024

 
—

December 11, 2017
 
January 3, 2018
(2)
0.265

 
0.244

 
—

 
0.021

 
—

Total
 
 
 
$
1.224

 
$
1.126

 
$
—

 
$
0.098

 
$
—

 
(1)      $0.401 of the $0.460 fourth quarter dividend paid on January 24, 2017 is considered a 2016 dividend for U.S. federal income tax purposes. $0.059 is considered a 2017 dividend for U.S. federal income tax purposes and will be reflected in 2017 tax reporting.
(2)      $0.265 of the $0.315 fourth quarter dividend paid on January 3, 2018 is considered a 2017 dividend for U.S. federal income tax purposes. $0.050 is considered a 2018 dividend for U.S. federal income tax purposes and will be reflected in 2018 tax reporting.

Record Date
 
Payment Date
 
Dividend per Share
 
Ordinary Dividends
 
Qualified Dividends
 
Capital Gain
 
Unrecaptured 1250 Gain
 
 
 
 
 
 
 
 
 
 
 
 
 
March 10, 2016
 
April 1, 2016
 
$
0.275

 
$
0.254

 
$
—

 
$
0.021

 
$
—

June 13, 2016
 
July 1, 2016
 
0.275

 
0.254

 
—

 
0.021

 
—

September 12, 2016
 
October 3, 2016
 
0.275

 
0.254

 
—

 
0.021

 
—

December 27, 2016
 
January 24, 2017
(1)
0.401

 
0.370

 
—

 
0.031

 
—

Total
 
 
 
$
1.226

 
$
1.132

 
$
—

 
$
0.094

 
$
—

 
(1)      $0.401 of the $0.460 fourth quarter dividend paid on January 24, 2017 is considered a 2016 dividend for U.S. federal income tax purposes. $0.059 is considered a 2017 dividend for U.S. federal income tax purposes and will be reflected in 2017 tax reporting.
The following table presents dividends declared (on a per share basis) of Class A common stock for the years ended December 31, 2018, 2017 and 2016:

Declaration Date
 
Dividend per Share
 
 
 
 
 
February 27, 2018
 
$
0.315

 
May 30, 2018
 
0.325

 
September 5, 2018
 
0.325

 
November 1, 2018
 
0.570

(1)
Total
 
$
1.535

 
 
 
 
 
March 1, 2017
 
$
0.300

 
June 1, 2017
 
0.300

 
September 1, 2017
 
0.300

 
November 7, 2017
 
0.315

 
Total
 
$
1.215

 
 
 
 
 
March 1, 2016
 
$
0.275

 
June 1, 2016
 
0.275

 
September 1, 2016
 
0.275

 
December 2, 2016
 
0.460

(2)
Total
 
$
1.285

 

 
(1)
On November 1, 2018, the Company’s board of directors approved the fourth quarter 2018 dividend of $0.570 per share of the Company’s Class A common stock in order to meet its annual REIT taxable income distribution requirement. The dividend was paid as a combination of cash and Class A common stock, subject to shareholder elections.
(2)
On December 2, 2016, our board of directors approved the fourth quarter 2016 dividend of $0.460 per share of the Company’s Class A common stock in order to meet our annual REIT taxable income distribution requirement. The dividend was paid as a combination of cash and Class A common stock, subject to shareholder elections.
Schedule of accumulated other comprehensive Income
The following table presents changes in accumulated other comprehensive income related to the cumulative difference between the fair market value and the amortized cost basis of securities classified as available for sale for the years ended December 31, 2018, 2017 and 2016 ($ in thousands):
 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
December 31, 2017
 
$
(212
)
 
$
116

 
$
(96
)
Other comprehensive income (loss)
 
(4,211
)
 
(930
)
 
(5,141
)
Exchange of noncontrolling interest for common stock
 
(167
)
 
167

 
—

Rebalancing of ownership percentage between Company and Operating Partnership
 
(59
)
 
59

 
—

December 31, 2018
 
$
(4,649
)
 
$
(588
)
 
$
(5,237
)

 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
December 31, 2016
 
$
1,365

 
$
759

 
$
2,124

Other comprehensive income (loss)
 
(2,915
)
 
695

 
(2,220
)
Exchange of noncontrolling interest for common stock
 
1,696

 
(1,696
)
 
—

Rebalancing of ownership percentage between Company and Operating Partnership
 
(358
)
 
358

 
—

December 31, 2017
 
$
(212
)
 
$
116

 
$
(96
)


 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
December 31, 2015
 
$
(3,556
)
 
$
(2,839
)
 
$
(6,395
)
Other comprehensive income (loss)
 
3,420

 
5,099

 
8,519

Exchange of noncontrolling interest for common stock
 
1,202

 
(1,202
)
 
—

Rebalancing of ownership percentage between Company and Operating Partnership
 
299

 
(299
)
 
—

December 31, 2016
 
$
1,365

 
$
759

 
$
2,124