Supplemental Disclosures for the Statement of Consolidated Cash Flows

12 Months Ended

Dec. 31, 2018

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosures for the Statement of Consolidated Cash Flows

Supplemental Disclosures for the Statement of Consolidated Cash Flows

Certain noncash investing and financing activities for the years ended December 31, 2018, 2017, and 2016 (in thousands) are outlined below:

	2018			2017		2016
Accrued capital expenditures and deferred lease costs	$	10,854		$	11,276	$	14,427
Change in accrued dividends and discount on dividend reinvestments	$	(74,828	)	$	71,267	$	30,532
Change in accrued share repurchases as part of an announced plan	$	3,140		$	1,276	$	—
Investment in consolidated joint venture	$	—		$	63,026	$	—

The following table provides a reconciliation of cash, cash equivalents, and restricted cash and escrows as reported, or previously reported, within the consolidated balance sheets to the consolidated statements of cash flows as of years ended ended December 31, 2018, 2017, and 2016 (in thousands).

	2018		2017		2016
Cash and cash equivalents, beginning of period	$	7,382	$	6,992	$	5,441
Restricted cash and escrows, beginning of period	1,373		1,212		5,174
Total cash, cash equivalents, and restricted cash and escrows shown in the consolidated statement of cash flows, beginning of period	$	8,755	$	8,204	$	10,615
Cash and cash equivalents, end of period	$	4,571	$	7,382	$	6,992
Restricted cash and escrows, end of period	1,463		1,373		1,212
Total cash, cash equivalents, and restricted cash and escrows shown in the consolidated statement of cash flows, end of period	$	6,034	$	8,755	$	8,204

Amounts in restricted cash and escrows typically represent escrow accounts for the payment of real estate taxes which are required under certain of Piedmont's debt agreements; earnest money deposited by a buyer to secure the purchase of one of our properties; or security or utility deposits held for tenants as a condition of their lease agreement.