Other Equity Matters (Table)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Preferred Stock

The following table summarizes the Company's preferred share issuances (the "Series"):

Preferred Share Offering	Issuance	Liquidation Preference (in thousands)		# of Shares(1)
Series A 8.50% Cumulative Redeemable Perpetual Preference Shares ("Series A")	March 2019	$	86,250	3,450,000
Series B 8.00% Cumulative Redeemable Perpetual Preference Shares ("Series B")	June 2019	143,750		5,750,000
Series C 7.375% Cumulative Redeemable Perpetual Preference Shares ("Series C")	November 2019	175,000		7,000,000
Series D 6.875% Cumulative Redeemable Perpetual Preference Shares ("Series D")	January 2020	150,000		6,000,000
		$	555,000	22,200,000

(1)     Represents number of shares authorized, issued, and outstanding.

Dividends

The Company paid the following quarterly dividends during the nine months ended September 30, 2020 and 2019 on its issued and outstanding common shares:

Record Date	Payment Date	Aggregate Payment	Per Share Payment
September 10, 2020	September 24, 2020	$35.5 Million	$0.52
June 11, 2020	June 25, 2020	$35.8 Million	$0.52
March 13, 2020	March 27, 2020	$37.1 Million	$0.52
September 5, 2019	September 26, 2019	$37.6 Million	$0.52
June 6, 2019	June 27, 2019	$38.6 Million	$0.52
March 12, 2019	March 28, 2019	$40.4 Million	$0.52

Schedule of accumulated other comprehensive (loss)

The following table summarizes the components of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2020 and 2019 (in thousands):

	Cash Flow Hedges		Foreign Currency Translation		Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2019	$	(27,096)	$	(4,537)	$	(31,633)
Change in derivative instruments designated as cash flow hedges(1)	(120,140)		—		(120,140)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1)	1,411		—		1,411
Foreign currency translation adjustment	—		(262)		(262)
Balance as of March 31, 2020	$	(145,825)	$	(4,799)	$	(150,624)
Change in derivative instruments designated as cash flow hedges(1)	(16,112)		—		(16,112)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1)	5,854		—		5,854
Foreign currency translation adjustment	—		(115)		(115)
Balance as of June 30, 2020	$	(156,083)	$	(4,914)	$	(160,997)
Change in derivative instruments designated as cash flow hedges(1)	969		—		969
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1)	7,351		—		7,351
Foreign currency translation adjustment	—		176		176
Balance as of September 30, 2020	$	(147,763)	$	(4,738)	$	(152,501)

	Cash Flow Hedges		Foreign Currency Translation		Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2018	$	19,043	$	(4,480)	$	14,563
Change in derivative instruments designated as cash flow hedges(1)	(14,323)		—		(14,323)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1)	(1,749)		—		(1,749)
Cumulative effect for the adoption of ASU 2017-12, net of income tax effect	432		—		432
Foreign currency translation adjustment	—		43		43
Balance as of March 31, 2019	$	3,403	$	(4,437)	$	(1,034)
Change in derivative instruments designated as cash flow hedges(1)	(31,517)		—		(31,517)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1)	(1,716)		—		(1,716)
Foreign currency translation adjustment	—		(175)		(175)
Balance as of June 30, 2019	$	(29,830)	$	(4,612)	$	(34,442)
Change in derivative instruments designated as cash flow hedges(1)	(20,784)		—		(20,784)
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1)	(1,020)		—		(1,020)
Foreign currency translation adjustment	—		(139)		(139)
Balance as of September 30, 2019	$	(51,634)	$	(4,751)	$	(56,385)

(1)    Refer to Note 8 - "Derivative Instruments" for reclassification impact on the Consolidated Statement of Operations