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Equity
3 Months Ended
Mar. 31, 2013
Notes To Financial Statements [Abstract]  
Equity
Equity

Total equity and its components for the three-month periods ended March 31, 2013, and 2012 were as follows (dollars in thousands, except per share and per unit data):
  
Mid-America Apartment Communities, Inc. Shareholders
 
 
 
 
 
Common
Stock
Amount
 
Additional
Paid-In
Capital
 
Accumulated
Distributions
in Excess of
Net Income
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Noncontrolling
Interest
 
Total
Equity
EQUITY BALANCE DECEMBER 31, 2012
$
422

 
$
1,542,999

 
$
(603,315
)
 
$
(26,054
)
 
$
31,058

 
$
945,110

Net income
 
 
 
 
21,180

 
 
 
825

 
22,005

Other comprehensive income - derivative instruments (cash flow hedges)
 
 
 
 
 
 
4,185

 
178

 
4,363

Issuance and registration of common shares
3

 
22,055

 
 
 
 
 
 
 
22,058

Shares repurchased and retired

 
(673
)
 
 
 
 
 
 
 
(673
)
Shares issued in exchange for units
1

 
442

 
 
 
 
 
(443
)
 

Redeemable stock fair market value
 
 
 
 
(319
)
 
 
 
 
 
(319
)
Adjustment for noncontrolling interest ownership in operating partnership
 
 
302

 
 
 
 
 
(302
)
 

Amortization of unearned compensation
 
 
630

 
 
 
 
 
 
 
630

Dividends on common stock ($0.6950 per share)
 
 
 
 
(29,674
)
 
 
 

 
(29,674
)
Dividends on noncontrolling interest units ($0.6950 per unit)
 
 
 
 
 
 
 
 
(1,187
)
 
(1,187
)
EQUITY BALANCE MARCH 31, 2013
$
426

 
$
1,565,755

 
$
(612,128
)
 
$
(21,869
)
 
$
30,129

 
$
962,313




  
Mid-America Apartment Communities, Inc. Shareholders
 
 
 
 
 
Common
Stock
Amount
 
Additional
Paid-In
Capital
 
Accumulated
Distributions
in Excess of
Net Income
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Noncontrolling
Interest
 
Total
Equity
EQUITY BALANCE DECEMBER 31, 2011
$
389

 
$
1,375,623

 
$
(621,833
)
 
$
(35,848
)
 
$
25,131

 
$
743,462

Net income


 


 
23,890

 


 
1,178

 
25,068

Other comprehensive income - derivative instruments (cash flow hedges)


 


 


 
4,048

 
200

 
4,248

Issuance and registration of common shares
20

 
120,123

 


 


 


 
120,143

Shares repurchased and retired

 
(1,415
)
 


 


 


 
(1,415
)
Shares issued in exchange for units

 
28

 


 


 
(28
)
 

Redeemable stock fair market value


 


 
(293
)
 


 


 
(293
)
Adjustment for noncontrolling interest ownership in operating partnership


 
(3,990
)
 


 


 
3,990

 

Amortization of unearned compensation


 
814

 


 


 


 
814

Dividends on common stock ($0.6600 per share)


 


 
(27,030
)
 


 

 
(27,030
)
Dividends on noncontrolling interest units ($0.6600 per unit)


 


 


 


 
(1,279
)
 
(1,279
)
EQUITY BALANCE MARCH 31, 2012
$
409

 
$
1,491,183

 
$
(625,266
)
 
$
(31,800
)
 
$
29,192

 
$
863,718