Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Reconciliation of Changes in Parent Company's Total Shareholders' Equity

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the nine months ended September 30, 2019:

(dollars in thousands)	Common Stock		Additional Paid-in Capital		Dividends in Excess of Net Income			Accumulated Other Comprehensive Income (loss)			Total Shareholders’ Equity
Balance December 31, 2018	$	466	$	2,372,157	$	(308,011	)	$	(6,875	)	$	2,057,737
Earned portion of non-vested stock		—		1,396		—			—			1,396
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—		(294	)		—			(294	)
Net income attributable to common shareholders		—		—		34,454			—			34,454
Amortization of terminated hedge included in    AOCL		—		—		—			229			229
Dividends		—		—		(46,631	)		—			(46,631	)
Balance March 31, 2019		466		2,373,553		(320,482	)		(6,646	)		2,046,891
Issuance of non-vested stock		1		—		—			—			1
Earned portion of non-vested stock		—		839		—			—			839
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—		(150	)		—			(150	)
Net income attributable to common shareholders		—		—		40,742			—			40,742
Amortization of terminated hedge included in    AOCL		—		—		—			229			229
Dividends		—		—		(46,632	)		—			(46,632	)
Balance June 30, 2019	$	467	$	2,374,392	$	(326,522	)	$	(6,417	)	$	2,041,920
Exercise of stock options		—		469		—			—			469
Earned portion of non-vested stock		—		955		—			—			955
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—		—		(1,606	)		—			(1,606	)
Net income attributable to common shareholders		—		—		140,002			—			140,002
Amortization of terminated hedge included in    AOCL		—		—		—			229			229
Dividends		—		—		(46,651	)		—			(46,651	)
Balance September 30, 2019	$	467	$	2,375,816	$	(234,777	)	$	(6,188	)	$	2,135,318

The following is a reconciliation of the changes in the Parent Company’s total shareholders’ equity for the nine months ended September 30, 2018:

(dollars in thousands)	Common Stock			Additional Paid-in Capital			Dividends in Excess of Net Income			Accumulated Other Comprehensive Income (loss)			Total Shareholders’ Equity
Balance December 31, 2017	$	466		$	2,363,171		$	(327,727	)	$	(7,587	)	$	2,028,323
Forfeiture of non-vested stock		(1	)		1			—			—			—
Earned portion of non-vested stock		—			1,495			—			—			1,495
Stock option expense		—			4			—			—			4
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership units		—			—			1,470			—			1,470
Net income attributable to common shareholders		—			—			33,889			—			33,889
Amortization of terminated hedge included in    AOCL		—			—			—			229			229
Change in fair value of derivatives, net of    reclassifications		—			—			—			48			48
Dividends		—			—			(46,121	)		—			(46,121	)
Balance March 31, 2018		465			2,364,671			(338,489	)		(7,310	)		2,019,337
Exercise of stock options		1			3,044			—			—			3,045
Earned portion of non-vested stock		—			1,252			—			—			1,252
Stock option expense		—			3			—			—			3
Carrying value less than redemption value on    redeemed noncontrolling interest		—			(28	)		—			—			(28	)
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership Units		—			—			(3,035	)		—			(3,035	)
Net income attributable to common shareholders		—			—			39,274			—			39,274
Amortization of terminated hedge included in    AOCL		—			—			—			229			229
Change in fair value of derivatives, net of    reclassifications		—			—			—			(123	)		(123	)
Dividends		—			—			(46,514	)		—			(46,514	)
Balance June 30, 2018	$	466		$	2,368,942		$	(348,764	)	$	(7,204	)	$	2,013,440
Exercise of stock options		—			17			—			—			17
Earned portion of non-vested stock		—			1,370			—			—			1,370
Adjustment to redemption value on    noncontrolling redeemable Operating    Partnership Units		—			—			114			—			114
Net income attributable to common shareholders		—			—			41,120			—			41,120
Amortization of terminated hedge included in    AOCL		—			—			—			229			229
Change in fair value of derivatives, net of    reclassifications		—			—			—			(129	)		(129	)
Dividends		—			—			(46,600	)		—			(46,600	)
Balance September 30, 2018	$	466		$	2,370,329		$	(354,130	)	$	(7,104	)	$	2,009,561