The following summarizes the changes in equity for the six months ended June 30, 2014 (dollars in thousands):



	Common stock		Additional paid-in capital		Accumulated earnings less dividends			Accumulated other comprehensive loss			Total AvalonBay stockholders’ equity			Noncontrolling interests			Total equity

Balance at December 31, 2013	$	1,294	$	8,988,723	$	(345,254	)	$	(48,631	)	$	8,596,132		$	3,595		$	8,599,727

Net income attributable to common stockholders	—		—		299,825			—			299,825			—			299,825
Cash flow hedge loss reclassified to earnings	—		—		—			3,011			3,011			—			3,011
Change in redemption value of redeemable noncontrolling interest	—		—		626			—			626			—			626
Noncontrolling interests income allocation	—		—		—			—			—			14,221			14,221
Noncontrolling interests derecognition	—		—		—			—			—			(17,816		)	(17,816		)
Dividends declared to common stockholders	—		—		(302,412		)	—			(302,412		)	—			(302,412		)
Issuance of common stock, net of withholdings	17		209,535		(377		)	—			209,175			—			209,175
Amortization of deferred compensation	—		15,175		—			—			15,175			—			15,175

Balance at June 30, 2014	$	1,311	$	9,213,433	$	(347,592	)	$	(45,620	)	$	8,821,532		$	—		$	8,821,532