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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Condensed Consolidated Statement of Comprehensive Income    
Net income $ 1,834 $ 5,659
Other comprehensive income (loss):    
Interest rate swaps [1] 8,045 433
Capitalized swap interest expense [2] 10 (75)
Adoption of ASU 2018-02 [3] (1,148) 0
Adoption of ASU 2017-12 [4] (739) 0
Other comprehensive income 6,168 358
Comprehensive income 8,002 6,017
Comprehensive income attributable to noncontrolling interests (360) 0
Comprehensive income attributable to common stockholders 7,642 6,017
Interest rate swaps, deferred tax expense $ 2,100 300
Capitalized swap interest income, deferred tax benefit   $ 100
[1] Amounts are shown net of deferred tax expense of $2.1 million and $0.3 million for the three months ended March 31, 2018 and 2017, respectively.
[2] The deferred tax impact was immaterial for the three months ended March 31, 2018. Amount is net of deferred tax benefit of $0.1 million for the three months ended March 31, 2017.
[3] The Company adopted Accounting Standards Update ("ASU") 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, as of January 1, 2018. See Note 2 - Accounting Policies and Pronouncements for further discussion.
[4] The Company adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, as of January 1, 2018. See Note 2 - Accounting Policies and Pronouncements for further discussion.