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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Statement of Comprehensive Income [Abstract]        
Net income $ 30,043 $ 23,847 $ 75,296 $ 19,802
Other comprehensive (loss) income:        
Interest rate swaps [1] (6,207)   (25,259)  
Interest rate swaps [1]   (367)   13,031
Capitalized swap interest (expense) income [2] 0 (25) (73) 34
Pension adjustment [3] 0 2,566 0 556
Adoption of ASU 2018-02 [4] 0 0 0 (1,148)
Adoption of ASU 2017-12 [5] 0 0 0 (739)
Terminated swap amortization (764) (239) (2,055) (319)
Other comprehensive (loss) income (6,971) 1,935 (27,387) 11,415
Comprehensive income 23,072 25,782 47,909 31,217
Comprehensive income attributable to noncontrolling interests (285) (482) (240) (51)
Comprehensive income attributable to common stockholders $ 22,787 $ 25,300 $ 47,669 $ 31,166
[1]
Amounts are shown net of deferred tax benefit of $1.7 million and $0.2 million for the three months ended September 30, 2019 and 2018, respectively, and deferred tax benefit of $7.0 million and deferred tax expense of $3.7 million for the nine months ended September 30, 2019 and 2018, respectively.
[2]
The deferred tax impact was zero for the three months ended September 30, 2019 and not meaningful for the nine months ended September 30, 2019 and the three and nine months ended September 30, 2018.
[3]
Net of deferred tax benefit of zero and $0.6 million for the three and nine months ended September 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.