| Partners' Capital |
11. Partners' Capital Class A units As of December 31, 2015, there were 188,576,853 Class A units outstanding that were held by Vornado. These units are classified as “partners' capital” on our consolidated balance sheets. As of December 31, 2015, there were 12,242,820 Class A units outstanding, that were held by third parties. These units are classified outside of “partners' capital” as “redeemable partnership units” on our consolidated balance sheets (See Note 10 – Redeemable Partnership Units). During 2015, we paid an aggregate of $474,751,000 of distributions to Vornado comprised of quarterly common distributions of $0.63 per unit. Preferred Units The following table sets forth the details of our preferred units of beneficial interest as of December 31, 2015 and 2014. | (Amounts in thousands, except unit and | | Balance as of | | Units Outstanding at | | Per Unit | | Annual | | per unit amounts) | | December 31, | | December 31, | | Liquidation | | Distribution | | Preferred Units | | 2015 | | 2014 | | 2015 | | 2014 | | Preference | | Rate(1) | | Convertible Preferred: | | | | | | | | | | | | | | | | | | | 6.5% Series A: authorized 83,977 units(2) | | $ | 1,321 | | $ | 1,393 | | 26,629 | | 28,939 | | $ | 50.00 | | $ | 3.25 | | Cumulative Redeemable: | | | | | | | | | | | | | | | | | | | 6.625% Series G: authorized 8,000,000 units(3) | | | 193,135 | | | 193,135 | | 8,000,000 | | 8,000,000 | | $ | 25.00 | | $ | 1.65625 | | | 6.625% Series I: authorized 10,800,000 units(3) | | | 262,379 | | | 262,379 | | 10,800,000 | | 10,800,000 | | $ | 25.00 | | $ | 1.65625 | | | 6.875% Series J: authorized 9,850,000 units(3) | | | 238,842 | | | 238,842 | | 9,850,000 | | 9,850,000 | | $ | 25.00 | | $ | 1.71875 | | | 5.70% Series K: authorized 12,000,000 units(3) | | | 290,971 | | | 290,971 | | 12,000,000 | | 12,000,000 | | $ | 25.00 | | $ | 1.425 | | | 5.40% Series L: authorized 12,000,000 units(3) | | | 290,306 | | | 290,306 | | 12,000,000 | | 12,000,000 | | $ | 25.00 | | $ | 1.35 | | | | | $ | 1,276,954 | | $ | 1,277,026 | | 52,676,629 | | 52,678,939 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (1) | Distributions on preferred units are cumulative and are payable quarterly in arrears. | | (2) | Redeemable at the option of Vornado under certain circumstances, at a redemption price of 1.5934 and 1.4334 Class A units per Series A Preferred unit plus accrued and unpaid distributions through the date of redemption, or convertible at any time at the option of the holder for 1.5934 and 1.4334 Class A units per Series A Preferred unit, as of December 31, 2015 and 2014, respectively. | | (3) | Redeemable at Vornado's option at a redemption price of $25.00 per unit, plus accrued and unpaid distributions through the date of redemption. |
Accumulated Other Comprehensive Income (Loss) The following tables set forth the changes in accumulated other comprehensive income (loss) by component. | (Amounts in thousands) | | For the Year Ended December 31, 2015 | | | | | | | | Securities | | Pro rata share of | | Interest | | | | | | | | | | available- | | nonconsolidated | | rate | | | | | | | | Total | | for-sale | | subsidiaries' OCI | | swap | | Other | | Balance as of December 31, 2014 | | $ | 93,267 | | $ | 133,774 | | $ | (8,992) | | $ | (25,803) | | $ | (5,712) | | Net current period OCI | | | (46,346) | | | (55,326) | | | (327) | | | 6,435 | | | 2,872 | | Balance as of December 31, 2015 | | $ | 46,921 | | $ | 78,448 | | $ | (9,319) | | $ | (19,368) | | $ | (2,840) |
|