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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive (Loss)
Treasury Stock
Noncontrolling Interests
Bridges At Mint Hill L L C
Bridges At Mint Hill L L C
Noncontrolling Interests
Associations of Unit Owners
Associations of Unit Owners
Noncontrolling Interests
Balance at the beginning of the period (in shares) at Dec. 31, 2016     39,802,064                  
Balance at the beginning of the period at Dec. 31, 2016 $ 2,571,510 $ 2,567,738 $ 398 $ 2,853,269 $ (277,912) $ (6,786) $ (1,231) $ 3,772        
Balance at the beginning of the period (in shares) at Dec. 31, 2016             (12,061)          
Increase (Decrease) in Stockholders' Equity                        
Net income 166,623 168,404     168,404     (1,781)        
Preferred dividend payment on behalf of subsidiary (12)             (12)        
Initial consolidation of HOAs 3,586 0       0            
Interest rate swaps, net of tax (9) (9)       (9)            
Terminated swap amortization 0                      
Pension adjustment, net of tax [1] 0                      
Capitalized swap interest, net of tax (170) [2] (170)       (170)            
Stock plan activity (in shares)     445,736       17,312          
Stock plan activity 19,410 19,410 $ 4 21,651     $ (2,245)          
Exercise of warrants (in shares)     3,052,453                  
Exercise of warrants 375,613 375,613 $ 31 375,582                
Issuance of Management Warrants 52,000 52,000   52,000                
Balance at the end of the period (in shares) at Dec. 31, 2017             (29,373)          
Balance at the end of the period at Dec. 31, 2017 3,188,551 3,182,986 $ 433 3,302,502 (109,508) (6,965) $ (3,476) 5,565        
Balance at the end of the period (in shares) at Dec. 31, 2017     43,300,253                  
Increase (Decrease) in Stockholders' Equity                        
Net income 57,726 57,012     57,012     714        
Preferred dividend payment on behalf of subsidiary (11)             (11)        
Interest rate swaps, net of tax 955 955       955            
Terminated swap amortization (1,018) (1,018)       (1,018)            
Pension adjustment, net of tax 759 [1] 759       759            
Capitalized swap interest, net of tax 30 [2] 30       30            
Restricted stock activity (in shares)             (14,556)          
Restricted stock activity (1,447) (1,447)         $ (1,447)          
Repurchase of common shares (in shares)             (475,920)          
Repurchase of common shares (57,267) (57,267)         $ (57,267)          
Contributions to joint ventures 99,646             99,646        
Stock plan activity (in shares)     211,220                  
Stock plan activity 19,934 19,934 $ 3 19,931                
Balance at the end of the period (in shares) at Dec. 31, 2018             (519,849)          
Balance at the end of the period at Dec. 31, 2018 3,238,126 3,132,212 $ 436 3,322,433 (120,341) (8,126) $ (62,190) 105,914        
Balance at the end of the period (in shares) at Dec. 31, 2018     43,511,473                  
Increase (Decrease) in Stockholders' Equity                        
Net income 74,295 73,956     73,956     339        
Interest rate swaps, net of tax (18,475) (18,475)       (18,475)            
Terminated swap amortization (2,709) (2,709)       (2,709)            
Pension adjustment, net of tax 11 [1] 11       11            
Capitalized swap interest, net of tax (73) [2] (73)       (73)            
Deconsolidation of Associations of Unit Owners                 $ (3,750) $ (3,750) $ (2,538) $ (2,538)
Restricted stock activity (in shares)     (927)       (34,411)          
Restricted stock activity (4,417) (4,417)         $ (4,417)          
Repurchase of common shares (in shares)             (496,000)          
Repurchase of common shares (53,923) (53,923)         $ (53,923)          
Contributions to joint ventures 84,890             84,890        
Stock plan activity (in shares)     123,493                  
Stock plan activity 21,551 21,551 $ 1 21,550                
Balance at the end of the period (in shares) at Dec. 31, 2019             (1,050,260)          
Balance at the end of the period at Dec. 31, 2019 $ 3,332,988 $ 3,148,133 $ 437 $ 3,343,983 $ (46,385) $ (29,372) $ (120,530) $ 184,855        
Balance at the end of the period (in shares) at Dec. 31, 2019     43,635,893                  
[1]
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.
[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.