Schedule Of Distributions Paid Per Share For Tax |
The following table presents dividends per share, declared and paid during the years ended December 31, 2018, 2017, and 2016, reported for federal tax purposes and serves as a designation of capital gain dividends, if applicable, pursuant to Internal Revenue Code Section 857(b)(3)(C) and Treasury Regulation § 1.857-6(e) (dollars per share): | | | | | | | | | | | | | | Dividends Paid | | During the Years Ended December 31, | | 2018 | | 2017 | | 2016 | Ordinary income | $ | 3.5122 |
| | $ | 3.2537 |
| | $ | 3.3075 |
| Capital gains | 0.5578 |
| | 0.2181 |
| | — |
| Return of capital | — |
| | 0.5182 |
| | 0.5963 |
| Total dividends paid | $ | 4.0700 |
| | $ | 3.9900 |
| | $ | 3.9038 |
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Earnings Per Share Reconciliation |
The following table summarizes basic and diluted earnings (in thousands, except share amounts): | | | | | | | | | | | | | | Years Ended December 31, | | 2018 | | 2017 | | 2016 | Net income attributable to W. P. Carey | $ | 411,566 |
| | $ | 277,289 |
| | $ | 267,747 |
| Net income attributable to nonvested participating RSUs and RSAs | (340 | ) | | (784 | ) | | (886 | ) | Net income – basic and diluted | $ | 411,226 |
| | $ | 276,505 |
| | $ | 266,861 |
| | | | | | | Weighted-average shares outstanding – basic | 117,494,969 |
| | 107,824,738 |
| | 106,743,012 |
| Effect of dilutive securities | 211,476 |
| | 211,233 |
| | 330,191 |
| Weighted-average shares outstanding – diluted | 117,706,445 |
| | 108,035,971 |
| | 107,073,203 |
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Reclassification out of Accumulated Other Comprehensive Income |
The following tables present a reconciliation of changes in Accumulated other comprehensive loss by component for the periods presented (in thousands): | | | | | | | | | | | | | | | | | | Gains and (Losses) on Derivative Instruments | | Foreign Currency Translation Adjustments | | Gains and (Losses) on Investments | | Total | Balance at January 1, 2016 | $ | 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: | | | | | | | | Other gains and (losses) | (9,410 | ) | | — |
| | — |
| | (9,410 | ) | Interest expense | 2,106 |
| | — |
| | — |
| | 2,106 |
| 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 | ) | Other comprehensive income before reclassifications | (28,577 | ) | | 69,040 |
| | (71 | ) | | 40,392 |
| Amounts reclassified from accumulated other comprehensive loss to: | | | | | | | | Gain on sale of real estate, net (Note 17) | — |
| | 3,388 |
| | — |
| | 3,388 |
| Other gains and (losses) | (10,495 | ) | | — |
| | — |
| | (10,495 | ) | Interest expense | 1,294 |
| | — |
| | — |
| | 1,294 |
| Total | (9,201 | ) | | 3,388 |
| | — |
| | (5,813 | ) | Net current period other comprehensive income | (37,778 | ) | | 72,428 |
| | (71 | ) | | 34,579 |
| Net current period other comprehensive gain attributable to noncontrolling interests | 15 |
| | (16,120 | ) | | — |
| | (16,105 | ) | Balance at December 31, 2017 | 9,172 |
| | (245,022 | ) | | (161 | ) | | (236,011 | ) | Other comprehensive loss before reclassifications | 13,415 |
| | (52,069 | ) | | 154 |
| | (38,500 | ) | Amounts reclassified from accumulated other comprehensive loss to: | | | | | | | | | — |
| | 20,226 |
| | — |
| | 20,226 |
| Other gains and (losses) | (8,892 | ) | | — |
| | — |
| | (8,892 | ) | Interest expense | 400 |
| | — |
| | — |
| | 400 |
| Total | (8,492 | ) | | 20,226 |
| | — |
| | 11,734 |
| Net current period other comprehensive loss | 4,923 |
| | (31,843 | ) | | 154 |
| | (26,766 | ) | Net current period other comprehensive loss attributable to noncontrolling interests | 7 |
| | 7,774 |
| | — |
| | 7,781 |
| Balance at December 31, 2018 | $ | 14,102 |
| | $ | (269,091 | ) | | $ | (7 | ) | | $ | (254,996 | ) |
See Note 10 for additional information on our derivatives activity recognized within Other comprehensive (loss) income for the periods presented.
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