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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Comprehensive income, net of tax:      
Net income $ 74,295 $ 57,726 $ 166,623
Other comprehensive loss      
Interest rate swaps [1] (18,475)    
Interest rate swaps [1]   955 (9)
Capitalized swap interest (expense) income [2] (73) 30 (170)
Pension adjustment [3] 11 759 0
Adoption of ASU 2018-02 [4] 0 (1,148) 0
Adoption of ASU 2017-12 [5] 0 (739) 0
Terminated swap amortization (2,709) (1,018) 0
Other comprehensive loss (21,246) (1,161) (179)
Comprehensive income 53,049 56,565 166,444
Comprehensive (income) loss attributable to noncontrolling interests (339) (714) 1,781
Comprehensive income attributable to common stockholders $ 52,710 $ 55,851 $ 168,225
[1]
Amounts are shown net of deferred tax benefit of $5.0 million for the year ended December 31, 2019 and $0.3 million for the years ended December 31, 2018 and 2017.
[2]
The deferred tax impact was not meaningful for the years ended December 31, 2019 and 2018. Amount is net of deferred tax benefit of $0.1 million for the year ended December 31, 2017.
[3]
The deferred tax impact is not meaningful for the year ended December 31, 2019. Amount is net of deferred tax expense of $0.5 million for the year ended December 31, 2018.
[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.