XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ 2,171 $ (68,159)
Other comprehensive income (loss):    
Interest rate swaps [1] 15,077 6,356
Reclassification of the Company's share of previously deferred derivative gains to net income [2] (6,723)  
Share of investee’s other comprehensive income [3]   1,217
Other comprehensive income (loss) 8,354 7,573
Comprehensive income (loss) 10,525 (60,586)
Comprehensive (income) loss attributable to noncontrolling interests (49) 1,565
Comprehensive income (loss) attributable to common stockholders $ 10,476 $ (59,021)
[1] Amounts are shown net of tax expense of $4.5 million for the three months ended March 31, 2022, and $1.8 million for the three months ended March 31, 2021.
[2] In March 2022, the Company completed the sale of its ownership interest in 110 North Wacker and released a net of $6.7 million from Accumulated other comprehensive income (loss), representing the Company’s $8.6 million share of previously deferred gains associated with the Venture’s derivative instruments net of tax expense of $1.9 million. See Note 2 - Investment in Real Estate and Other Affiliates for additional information.
[3] Amount is shown net of tax expense of $0.3 million for the three months ended March 31, 2021.