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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 13,328 $ (5,879) $ 45,253 $ (4,045)
Other comprehensive (loss) income:        
Interest rate swaps [1] (13,108) 5,353 (19,052) 13,398
Capitalized swap interest (expense) income [2] (22) 49 (73) 59
Pension adjustment [3] 0 (2,010) 0 (2,010)
Adoption of ASU 2018-02 [4] 0 0 0 (1,148)
Adoption of ASU 2017-12 [5] 0 0 0 (739)
Terminated swap amortization (653) (80) (1,291) (80)
Other comprehensive (loss) income (13,783) 3,312 (20,416) 9,480
Comprehensive income (455) (2,567) 24,837 5,435
Comprehensive income attributable to noncontrolling interests 149 791 45 431
Comprehensive income attributable to common stockholders $ (306) $ (1,776) $ 24,882 $ 5,866
[1]
Amounts are shown net of deferred tax benefit of $3.8 million and deferred tax expense of $1.8 million for the three months ended June 30, 2019 and 2018, respectively, and $6.0 million and $3.9 million for the six months ended June 30, 2019 and 2018, respectively.
[2]
The deferred tax impact was not meaningful for the three and six months ended June 30, 2019 and 2018, respectively.
[3]
Net of deferred tax benefit of $0.6 million for the three and six months ended June 30, 2018, respectively.
[4]
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.
[5]
The Company adopted ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, as of January 1, 2018.