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Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule Of Distributions Paid Per Share For Tax
The following table presents distributions per share, declared and paid during the years ended December 31, 2016, 2015, and 2014, reported for federal tax purposes and serves as a designation of capital gain distributions, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e) (dollars per share):
 
Distributions Paid
 
During the Years Ended December 31,
 
2016
 
2015
 
2014
Ordinary income
$
3.3075

 
$
3.5497

 
$
3.6566

Return of capital
0.5963

 
0.2618

 
0.0584

Total distributions paid
$
3.9038

 
$
3.8115

 
$
3.7150

Earnings Per Share Reconciliation
The following table summarizes basic and diluted earnings (in thousands, except share amounts):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Net income attributable to W. P. Carey
$
267,747

 
$
172,258

 
$
239,826

Allocation of distribution equivalents paid on nonvested RSUs and RSAs in excess of income
(886
)
 
(579
)
 
(1,007
)
Net income – basic
266,861

 
171,679

 
238,819

Income effect of dilutive securities, net of taxes

 

 
(77
)
Net income – diluted
$
266,861

 
$
171,679

 
$
238,742

 
 
 
 
 
 
Weighted-average shares outstanding – basic
106,743,012

 
105,675,692

 
98,764,164

Effect of dilutive securities
330,191

 
831,960

 
1,063,192

Weighted-average shares outstanding – diluted
107,073,203

 
106,507,652

 
99,827,356

Redeemable Noncontrolling Interest
The following table presents a reconciliation of redeemable noncontrolling interest (in thousands):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Beginning balance
$
14,944

 
$
6,071

 
$
7,436

Distributions
(13,418
)
 

 
(926
)
Redemption value adjustment
(561
)
 
8,873

 
(306
)
Net income

 

 
(142
)
Change in other comprehensive income

 

 
9

Ending balance
$
965

 
$
14,944

 
$
6,071

Transfers to Noncontrolling Interests
The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Net income attributable to W. P. Carey
$
267,747

 
$
172,258

 
$
239,826

Transfers to noncontrolling interest
 
 
 
 
 
Decrease in W. P. Carey’s additional paid-in capital for purchases of less-than-wholly owned investments in connection with the CPA®:16 Merger

 

 
(41,374
)
Net transfers to noncontrolling interest

 

 
(41,374
)
Change from net income attributable to W. P. Carey and transfers to noncontrolling interest
$
267,747

 
$
172,258

 
$
198,452

Reclassification out of Accumulated Other Comprehensive Income

The following tables present a reconciliation of changes in Accumulated other comprehensive income (loss) by component for the periods presented (in thousands):
 
Gains and Losses on Derivative Instruments
 
Foreign Currency Translation Adjustments
 
Gains and Losses on Marketable Securities
 
Total
Balance at January 1, 2014
$
(7,488
)
 
$
22,793

 
$
31

 
$
15,336

Other comprehensive loss before reclassifications
17,911

 
(117,938
)
 
(10
)
 
(100,037
)
Amounts reclassified from accumulated other comprehensive income (loss) to:
 
 
 
 
 
 
 
Interest expense
2,691

 

 

 
2,691

Other income and (expenses)
103

 

 

 
103

Equity in earnings of equity method investments in the Managed Programs and real estate
380

 

 

 
380

Total
3,174

 

 

 
3,174

Net current period other comprehensive loss
21,085

 
(117,938
)
 
(10
)
 
(96,863
)
Net current period other comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest

 
5,968

 

 
5,968

Balance at December 31, 2014
13,597

 
(89,177
)
 
21

 
(75,559
)
Other comprehensive loss before reclassifications
29,391

 
(125,447
)
 
15

 
(96,041
)
Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
 
 
Interest expense
2,291

 

 

 
2,291

Other income and (expenses)
(7,629
)
 

 

 
(7,629
)
Total
(5,338
)
 

 

 
(5,338
)
Net current period other comprehensive loss
24,053

 
(125,447
)
 
15

 
(101,379
)
Net current period other comprehensive loss attributable to noncontrolling interests

 
4,647

 

 
4,647

Balance at December 31, 2015
37,650

 
(209,977
)
 
36

 
(172,291
)
Other comprehensive loss before reclassifications
16,582

 
(92,434
)
 
(126
)
 
(75,978
)
Amounts reclassified from accumulated other comprehensive loss to:
 
 
 
 
 
 
 
Interest expense
2,106

 

 

 
2,106

Other income and (expenses)
(9,410
)
 

 

 
(9,410
)
Total
(7,304
)
 

 

 
(7,304
)
Net current period other comprehensive loss
9,278

 
(92,434
)
 
(126
)
 
(83,282
)
Net current period other comprehensive loss attributable to noncontrolling interests
7

 
1,081

 

 
1,088

Balance at December 31, 2016
$
46,935

 
$
(301,330
)
 
$
(90
)
 
$
(254,485
)