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Stockholders' Equity
 12 Months Ended
Dec. 31, 2015
Stockholders' Equity [Abstract]  
Stockholders' Equity

13. Stockholders’ Equity

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

December 31, 2015December 31, 2014
Preferred Stock, $1.00 par value:
Authorized shares50,000,00050,000,000
Issued shares25,875,00025,875,000
Outstanding shares25,875,00025,875,000
Common Stock, $1.00 par value:
Authorized shares700,000,000700,000,000
Issued shares355,594,373329,487,615
Outstanding shares354,777,670328,790,066

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

Year Ended
December 31, 2015December 31, 2014December 31, 2013
Weighted Avg.Weighted Avg.Weighted Avg.
SharesDividend RateSharesDividend RateSharesDividend Rate
Beginning balance25,875,0006.500%26,108,2366.496%26,224,8546.493%
Shares converted-0.000%(233,236)6.000%(116,618)6.000%
Ending balance25,875,0006.500%25,875,0006.500%26,108,2366.496%

     During the three months ended December 31, 2010, we issued 349,854 shares of 6.00% Series H Cumulative Convertible and Redeemable Preferred Stock in connection with a business combination. During the years ended December 31, 2013 and 2014, all shares were converted into common stock, leaving zero shares outstanding.

     During the three months ended March 31, 2011, we issued 14,375,000 of 6.50% Series I Cumulative Convertible Perpetual Preferred Stock. These shares have a liquidation value of $50.00 per share. Dividends are payable quarterly in arrears. The preferred stock is not redeemable by us. The preferred shares are convertible, at the holder’s option, into 0.8460 shares of common stock (equal to an initial conversion price of approximately $59.10).

     During the three months ended March 31, 2012, we issued 11,500,000 of 6.50% Series J Cumulative Redeemable Preferred Stock. Dividends are payable quarterly in arrears. The preferred stock, which has no stated maturity, may be redeemed by us at a redemption price of $25.00 per share, plus accrued and unpaid dividends on such shares to the redemption date, on or after March 7, 2017.

     Common Stock. The following is a summary of our common stock issuances during the periods indicated (dollars in thousands, except per share amounts):

Shares IssuedAverage PriceGross ProceedsNet Proceeds
May 2013 public issuance23,000,000$ 73.50 $1,690,500$1,630,281
2013 Dividend reinvestment plan issuances3,429,928 62.78 215,346215,346
2013 Option exercises213,724 42.16 9,0109,010
2013 Senior note conversions988,007--
2013 Preferred stock conversions116,618--
2013 Equity issued in acquisition of noncontrolling interest1,108,917 --
2013 Totals28,857,194$1,914,856$1,854,637
June 2014 public issuance16,100,000$ 62.35 $1,003,835$968,517
September 2014 public issuance17,825,000 63.75 1,136,3441,095,465
2014 Dividend reinvestment plan issuances4,122,941 62.35 257,055257,055
2014 Option exercises498,549 45.79 22,83122,831
2014 Preferred stock conversions233,236--
2014 Stock incentive plans, net of forfeitures188,147 --
2014 Senior note conversions258,542--
2014 Totals39,226,415$2,420,065$2,343,868
February 2015 public issuance19,550,000$ 75.50 $1,476,025$1,423,935
2015 Dividend reinvestment plan issuances4,024,169 67.72 272,531272,531
2015 Option exercises249,054 47.35 11,79311,793
2015 Equity Shelf Program issuances696,070 69.23 48,18647,463
2015 Stock incentive plans, net of forfeitures137,837--
2015 Senior note conversions1,330,474 --
2015 Totals25,987,604$1,808,535$1,755,722

During the twelve months ended December 31, 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 Notes 2 and 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):

Year Ended
December 31, 2015December 31, 2014December 31, 2013
Per ShareAmountPer ShareAmountPer ShareAmount
Common Stock$3.30000$1,144,727$3.18000$969,661$3.06000$839,939
Series H Preferred Stock--0.0079412.85840930
Series I Preferred Stock3.2500046,7193.2500046,7193.2500046,719
Series J Preferred Stock1.6251018,6871.6251018,6881.6251018,687
Totals$1,210,133$1,035,069$906,275

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, 2014$(74,770)$-$(1,589)$(650)$(77,009)
Other comprehensive income before reclassification adjustments (10,714)-246(2,626)(13,094)
Reclassification amount to net income--- 1,860 (1)1,860
Net current-period other comprehensive income (10,714)-246(766)(11,234)
Balance at December 31, 2015$(85,484)$-$(1,343)$(1,416)$(88,243)
Balance at December 31, 2013$(17,631)$(389)$(1,452)$(5,059)$(24,531)
Other comprehensive income before reclassification adjustments (56,611)389(137)2,610(53,749)
Reclassification amount to net income(528)-- 1,799 (1)1,271
Net current-period other comprehensive income (57,139)389(137)4,409(52,478)
Balance at December 31, 2014$(74,770)$-$(1,589)$(650)$(77,009)
(1) Please see Note 11 for additional information.

     Other Equity. Other equity consists of accumulated option compensation expense, which represents the amount of amortized compensation costs related to stock options awarded to employees and directors.