Note 15 - Accumulated Other Comprehensive Income ("AOCI")

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income Loss Disclosure [Abstract]

Accumulated Other Comprehensive Income Loss Disclosure [Text Block]

15. Accumulated Other Comprehensive Income (“AOCI”)

The following table displays the change in the components of accumulated other comprehensive income for the three months ended March 31, 2015 and 2014:

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for- Sale Investments		Unrealized Gain/(Loss) on Interest Rate Swaps			Total
Balance as of January 1, 2015	$	329		$	46,197	$	(1,404	)	$	45,122
Other comprehensive income before reclassifications		(9,532	)		15,718		(352	)		5,834
Amounts reclassified from AOCI		-			-		-			-
Net current-period other comprehensive income		(9,532	)		15,718		(352	)		5,834
Balance as of March 31, 2015	$	(9,203	)	$	61,915	$	(1,756	)	$	50,956

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for-Sale Investments			Total
Balance as of January 1, 2014	$	(90,977	)	$	25,995		$	(64,982	)
Other comprehensive income before reclassifications		(8,210	)		(3,678	)		(11,888	)
Amounts reclassified from AOCI		-			-			-
Net current-period other comprehensive income		(8,210	)		(3,678	)		(11,888	)
Balance as of March 31, 2014	$	(99,187	)	$	22,317		$	(76,870	)

At March 31, 2015, the Company had a net $9.2 million, of unrealized cumulative foreign currency translation adjustment (“CTA”) losses relating to its foreign entity investments in Canada and Chile. The CTA is comprised of $6.5 million of unrealized gains relating to its Canadian investments and $15.7 million of unrealized losses relating to its Chilean investment. CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under generally accepted accounting principles in the United States (“GAAP”), the Company is required to release CTA balances into earnings when the Company has substantially liquidated its investment in a foreign entity. During 2013, the Company began selling properties within its Latin American portfolio and as such, the Company may, in the near term, substantially liquidate its remaining investment in Chile, which will require the then unrealized loss on foreign currency translation to be recognized as a charge against earnings.