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Stockholders' Equity
 9 Months Ended
Sep. 30, 2013
Stockholders' Equity [Abstract]  
Stockholders' Equity

13. Stockholders’ Equity

     The following is a summary of our stockholders’ equity capital accounts as of the dates indicated:

September 30, 2013December 31, 2012
Preferred Stock:
Authorized shares 50,000,000 50,000,000
Issued shares 26,224,854 26,224,854
Outstanding shares 26,224,854 26,224,854
Common Stock, $1.00 par value:
Authorized shares 400,000,000 400,000,000
Issued shares 288,821,107 260,780,109
Outstanding shares 288,360,031 260,373,754

     Preferred Stock. The following is a summary of our preferred stock activity during the periods indicated:

Nine Months Ended
September 30, 2013September 30, 2012
Weighted Avg.Weighted Avg.
SharesDividend RateSharesDividend Rate
Beginning balance 26,224,8546.493% 25,724,8547.013%
Shares issued -0.000% 11,500,0006.500%
Shares redeemed -0.000% (11,000,000)7.716%
Ending balance 26,224,8546.493% 26,224,8546.493%

Common Stock. The following is a summary of our common stock issuances during the nine months ended September 30, 2013 and 2012 (dollars in thousands, except per share amounts):

Shares IssuedAverage PriceGross ProceedsNet Proceeds
February 2012 public issuance 20,700,000$ 53.50$ 1,107,450$ 1,062,256
August 2012 public issuance 13,800,000 58.75 810,750 778,011
September 2012 public issuance 29,900,000 56.00 1,674,400 1,607,140
2012 Dividend reinvestment plan issuances 1,485,598 55.65 82,678 82,678
2012 Option exercises 155,195 39.61 6,147 6,147
2012 Senior note conversions 1,039,721 0 0
2012 Totals 67,080,514$ 3,681,425$ 3,536,232
May 2013 public issuance 23,000,000$ 73.50$ 1,690,500$ 1,630,281
2013 Dividend reinvestment plan issuances 2,379,609 64.62 153,762 153,762
2013 Option exercises 200,467 42.45 8,509 8,509
2013 Senior note conversions 987,967 0 0
2013 Equity issued in acquisition of noncontrolling interest 1,108,917 0 0
2013 Totals 27,676,960$ 1,852,771$ 1,792,552

During the three months ended September 30, 2013, we acquired the remaining 20% noncontrolling interest in an existing partnership for $91,000,000 which consisted of $23,247,000 of cash and 1,108,917 shares of common stock. In connection with the acquisition, we incurred $2,732,000 of transaction costs which we have included as a reduction to additional paid in capital.

     Dividends. The increase in dividends is primarily attributable to increases in our common shares outstanding as described above. Please refer to Note 18 for information related to federal income tax of dividends. The following is a summary of our dividend payments (in thousands, except per share amounts):

Nine Months Ended
September 30, 2013September 30, 2012
Per ShareAmountPer ShareAmount
Common Stock$ 2.2950$ 618,992$ 2.2200$ 460,936
Series D Preferred Stock - 0 0.5030 2,012
Series F Preferred Stock - 0 0.4872 3,410
Series H Preferred Stock 2.1438 750 2.1438 750
Series I Preferred Stock 2.4375 35,039 2.4375 35,039
Series J Preferred Stock 1.2189 14,016 0.9841 11,316
Totals$ 668,797$ 513,463

Accumulated Other Comprehensive Income. The following is a summary of accumulated other comprehensive income (loss) for the periods presented (in thousands):

Unrecognized gains (losses) related to:
Foreign Currency TranslationEquity InvestmentsActuarial lossesCash Flow HedgesTotal
Balance at December 31, 2012$ (881)$ (216)$ (2,974)$ (6,957)$ (11,028)
Other comprehensive income before reclassification adjustments (13,517) (346) 0 (12) (13,875)
Reclassification amount to net income 0 0 0 1,428(1) 1,428
Net current-period other comprehensive income (13,517) (346) 0 1,416 (12,447)
Balance at September 30, 2013$ (14,398)$ (562)$ (2,974)$ (5,541)$ (23,475)
Balance at December 31, 2011$ 0$ (619)$ (2,748)$ (8,561)$ (11,928)
Other comprehensive income before reclassification adjustments 166 192 0 2,342 2,700
Reclassification amount to net income 0 0 0 (1,204)(1) (1,204)
Net current-period other comprehensive income 166 192 0 1,138 1,496
Balance at September 30, 2012$ 166$ (427)$ (2,748)$ (7,423)$ (10,432)
(1) Please see Note 11 for additional information.