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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Comprehensive income, net of tax:      
Net income $ (3,173) $ 74,295 $ 57,726
Other comprehensive income (loss)      
Interest rate swaps [1] (23,070) (21,184) (63)
Capitalized swap interest (expense) income [2] 0 (73) 30
Pension adjustment [3] (84) 11 759
Adoption of ASU 2018-02 [4] 0 0 (1,148)
Adoption of ASU 2017-12 [5] 0 0 (739)
Deconsolidation of 110 North Wacker [6] 12,934 0 0
Share of investee's other comprehensive income [7] 1,002 0 0
Other comprehensive income (loss) (9,218) (21,246) (1,161)
Comprehensive income (loss) (12,391) 53,049 56,565
Comprehensive (income) loss attributable to noncontrolling interests (22,981) (339) (714)
Comprehensive income (loss) attributable to common stockholders $ (35,372) $ 52,710 $ 55,851
[1] Amounts are shown net of deferred tax benefit of $5.3 million for the year ended December 31, 2020, $6.2 million for the year ended December 31, 2019, and $0.3 million for the year ended December 31, 2018.
[2] The deferred tax impact was not meaningful for the years ended December 31, 2020, 2019 and 2018.
[3] The deferred tax impact is not meaningful for the years ended December 31, 2020 and 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.
[6] This amount represents the derecognition of Other comprehensive income (loss) related to interest rate collars on the 110 North Wacker debt, shown net of deferred tax expense of $1.0 million.
[7] The amount for 2020 is shown net of deferred tax expense of $0.3 million.