Equity (Tables)

9 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

The following summarizes the changes in equity for the nine months ended September 30, 2022 (dollars in thousands):


	Common stock		Additional paid-in capital		Accumulated earnings less dividends		Accumulated other comprehensive loss		Total stockholder's equity		Noncontrolling interests		Total equity

Balance at December 31, 2021	$	1,398	$	10,716,414	$	240,821	$	(26,106)	$	10,932,527	$	566	$	10,933,093
Net income attributable to common stockholders	—		—		262,044		—		262,044		—		262,044
Gain on cash flow hedges, net	—		—		—		10,155		10,155		—		10,155
Cash flow hedge losses reclassified to earnings	—		—		—		1,013		1,013		—		1,013
Change in redemption value of redeemable noncontrolling interest	—		—		(43)		—		(43)		—		(43)
Noncontrolling interest distribution and income allocation	—		—		—		—		—		(10)		(10)
Dividends declared to common stockholders ($1.59 per share)	—		—		(222,373)		—		(222,373)		—		(222,373)
Issuance of common stock, net of withholdings	1		(14,263)		(1,501)		—		(15,763)		—		(15,763)
Amortization of deferred compensation	—		9,176		—		—		9,176		—		9,176
Balance at March 31, 2022	$	1,399	$	10,711,327	$	278,948	$	(14,938)	$	10,976,736	$	556	$	10,977,292
Net income attributable to common stockholders	—		—		138,691		—		138,691		—		138,691
Gain on cash flow hedges, net	—		—		—		7,759		7,759		—		7,759
Cash flow hedge losses reclassified to earnings	—		—		—		1,013		1,013		—		1,013
Change in redemption value of redeemable noncontrolling interest	—		—		168		—		168		—		168
Noncontrolling interest distribution and income allocation	—		—		—		—		—		(6)		(6)
Dividends declared to common stockholders ($1.59 per share)	—		—		(222,772)		—		(222,772)		—		(222,772)
Issuance of common stock, net of withholdings	—		1,683		—		—		1,683		—		1,683
Amortization of deferred compensation	—		14,183		—		—		14,183		—		14,183
Balance at June 30, 2022	$	1,399	$	10,727,193	$	195,035	$	(6,166)	$	10,917,461	$	550	$	10,918,011
Net income attributable to common stockholders	—		—		494,747		—		494,747		—		494,747
Gain on cash flow hedges, net	—		—		—		8,188		8,188		—		8,188
Cash flow hedge losses reclassified to earnings	—		—		—		1,013		1,013		—		1,013
Change in redemption value of redeemable noncontrolling interest	—		—		(158)		—		(158)		—		(158)
Noncontrolling interest distribution and income allocation	—		—		—		—		—		1		1
Dividends declared to common stockholders ($1.59 per share)	—		—		(222,753)		—		(222,753)		—		(222,753)
Issuance of common stock, net of withholdings	—		(384)		17		—		(367)		—		(367)
Amortization of deferred compensation	—		11,906		—		—		11,906		—		11,906
Balance at September 30, 2022	$	1,399	$	10,738,715	$	466,888	$	3,035	$	11,210,037	$	551	$	11,210,588

The following summarizes the changes in equity for the nine months ended September 30, 2021 (dollars in thousands):


	Common stock		Additional paid-in capital		Accumulated earnings less dividends		Accumulated other comprehensive loss		Total stockholder's equity		Noncontrolling interests		Total equity

Balance at December 31, 2020	$	1,395	$	10,664,416	$	126,022	$	(40,250)	$	10,751,583	$	591	$	10,752,174
Net income attributable to common stockholders	—		—		142,223		—		142,223		—		142,223
Cash flow hedge losses reclassified to earnings	—		—		—		2,367		2,367		—		2,367
Change in redemption value of redeemable noncontrolling interest	—		—		(273)		—		(273)		—		(273)
Noncontrolling interest distribution and income allocation	—		—		—		—		—		(16)		(16)
Dividends declared to common stockholders ($1.59 per share)	—		—		(221,779)		—		(221,779)		—		(221,779)
Issuance of common stock, net of withholdings	1		(14,037)		958		—		(13,078)		—		(13,078)
Amortization of deferred compensation	—		7,286		—		—		7,286		—		7,286
Balance at March 31, 2021	$	1,396	$	10,657,665	$	47,151	$	(37,883)	$	10,668,329	$	575	$	10,668,904
Net income attributable to common stockholders	—		—		447,953		—		447,953		—		447,953
Loss on cash flow hedges, net	—		—		—		(822)		(822)		—		(822)
Cash flow hedge losses reclassified to earnings	—		—		—		2,366		2,366		—		2,366
Change in redemption value of redeemable noncontrolling interest	—		—		(255)		—		(255)		—		(255)
Noncontrolling interest distribution and income allocation	—		—		—		—		—		(7)		(7)
Dividends declared to common stockholders ($1.59 per share)	—		—		(222,451)		—		(222,451)		—		(222,451)
Issuance of common stock, net of withholdings	—		2,496		—		—		2,496		—		2,496
Amortization of deferred compensation	—		10,403		—		—		10,403		—		10,403
Balance at June 30, 2021	$	1,396	$	10,670,564	$	272,398	$	(36,339)	$	10,908,019	$	568	$	10,908,587
Net income attributable to common stockholders	—		—		78,914		—		78,914		—		78,914
Gain on cash flow hedges, net	—		—		—		2,010		2,010		—		2,010
Cash flow hedge losses reclassified to earnings	—		—		—		7,405		7,405		—		7,405
Change in redemption value of redeemable noncontrolling interest	—		—		(261)		—		(261)		—		(261)
Noncontrolling interest distribution and income allocation	—		—		—		—		—		2		2
Dividends declared to common stockholders ($1.59 per share)	—		—		(222,475)		—		(222,475)		—		(222,475)
Issuance of common stock, net of withholdings	—		4,633		(27)		—		4,606		—		4,606
Amortization of deferred compensation	—		9,442		—		—		9,442		—		9,442
Balance at September 30, 2021	$	1,396	$	10,684,639	$	128,549	$	(26,924)	$	10,787,660	$	570	$	10,788,230