Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Activity of Preferred and Common Stock

The table below summarizes the share activities of the Company's preferred and common stock.

	Number of Shares
(In thousands)	Preferred Stock	Class A Common Stock	Class B Common Stock
Shares outstanding at December 31, 2018	57,464	483,347	734
Shares issued upon redemption of OP Units	—	188	—
Repurchase of common stock	—	(652)	—
Equity-based compensation, net of forfeitures	—	4,786	—
Shares canceled for tax withholding on vested stock awards	—	(651)	—
Shares outstanding at September 30, 2019	57,464	487,018	734
Shares outstanding at December 31, 2019	41,350	487,044	734
Shares issued upon redemption of OP Units	—	184	—
Repurchase of common stock, net (1)	—	(12,733)	—
Equity-based compensation, net of forfeitures	—	9,721	—
Shares canceled for tax withholding on vested stock awards	—	(2,554)	—
Shares outstanding at September 30, 2020	41,350	481,662	734

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(1)    Net of reissuance of 964,160 shares of class A common stock that had been repurchased by the Company during March 2020. Refer to discussion of settlement liability in Note 12.

The table below summarizes the preferred stock issued and outstanding at September 30, 2020:

Description	Dividend Rate Per Annum		Initial Issuance Date	Shares Outstanding (in thousands)	Par Value (in thousands)		Liquidation Preference (in thousands)		Earliest Redemption Date
Series G	7.5	%	June 2014	3,450	$	35	$	86,250	Currently redeemable
Series H	7.125	%	April 2015	11,500	115		287,500		Currently redeemable
Series I	7.15	%	June 2017	13,800	138		345,000		June 5, 2022
Series J	7.125	%	September 2017	12,600	126		315,000		September 22, 2022
				41,350	$	414	$	1,033,750

Components of Accumulated Other Comprehensive Income (Loss) Attributable to Stockholders

The following tables present the changes in each component of AOCI attributable to stockholders and noncontrolling interests in investment entities, net of immaterial tax effect. AOCI attributable to noncontrolling interests in Operating Company is immaterial.

Changes in Components of AOCI—Stockholders

(In thousands)	Company's Share in AOCI of Equity Method Investments		Unrealized Gain (Loss) on AFS Debt Securities		Unrealized Gain (Loss) on Cash Flow Hedges		Foreign Currency Translation Gain (Loss)		Unrealized Gain (Loss) on Net Investment Hedges		Total
AOCI at December 31, 2018	$	3,629	$	(3,175)	$	(91)	$	6,618	$	7,018	$	13,999
Other comprehensive income (loss) before reclassifications	9,425		(606)		(2,670)		(36,511)		37,071		6,709
Amounts reclassified from AOCI	(3,554)		6,479		—		(1,128)		(1,617)		180
AOCI at September 30, 2019	$	9,500	$	2,698	$	(2,761)	$	(31,021)	$	42,472	$	20,888
AOCI at December 31, 2019	$	9,281	$	7,823	$	(226)	$	139	$	30,651	$	47,668
Other comprehensive income (loss) before reclassifications	3,053		395		(3)		13,961		15,821		33,227
Amounts reclassified from AOCI	—		(3,585)		—		225		(925)		(4,285)
AOCI at September 30, 2020	$	12,334	$	4,633	$	(229)	$	14,325	$	45,547	$	76,610

Changes in Components of AOCI—Noncontrolling Interests in Investment Entities

(In thousands)	Unrealized Gain (Loss) on Cash Flow Hedges		Foreign Currency Translation Gain (Loss)		Unrealized Gain (Loss) on Net Investment Hedges		Total
AOCI at December 31, 2018	$	(390)	$	(600)	$	9,644	$	8,654
Other comprehensive income (loss) before reclassifications	(6,190)		(57,492)		4,543		(59,139)
Amounts reclassified from AOCI	—		(465)		(653)		(1,118)
AOCI at September 30, 2019	$	(6,580)	$	(58,557)	$	13,534	$	(51,603)
AOCI at December 31, 2019	$	(1,005)	$	(17,913)	$	10,659	$	(8,259)
Other comprehensive income (loss) before reclassifications	(12)		43,170		5,313		48,471
Amounts reclassified from AOCI	—		(95)		(873)		(968)
AOCI at September 30, 2020	$	(1,017)	$	25,162	$	15,099	$	39,244

Reclassification out of Accumulated Other Comprehensive Income

Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below:

(In thousands)	Three Months Ended September 30,				Nine Months Ended September 30,				Affected Line Item in the Consolidated Statements of Operations
Component of AOCI reclassified into earnings	2020		2019		2020		2019
Relief of basis of AFS debt securities	$	41	$	—	$	3,585	$	—	Other gain (loss), net
Other-than-temporary impairment	—		(5,853)		—		(6,479)		Other gain (loss), net
Release of foreign currency cumulative translation adjustments	21		—		(225)		1,128		Other gain (loss), net
Unrealized gain (loss) on dedesignated net investment hedges	—		608		552		654		Other gain (loss), net
Realized gain on net investment hedges	373		—		373		963		Other gain (loss), net
Release of equity in AOCI of unconsolidated ventures	—		3,554		—		3,554		Equity method earnings (losses)