XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 21,432 $ 3,617 $ 23,603 $ (64,542)
Other comprehensive income (loss):        
Interest rate swaps [1] 8,465 1,905 23,542 8,261
Reclassification of the Company's share of previously deferred derivative gains to net income [2] 0 0 (6,723) 0
Share of investee’s other comprehensive income [3] 0 1,358 0 2,575
Other comprehensive income (loss) 8,465 3,263 16,819 10,836
Comprehensive income (loss) 29,897 6,880 40,422 (53,706)
Comprehensive (income) loss attributable to noncontrolling interests 132 1,224 83 2,789
Comprehensive income (loss) attributable to common stockholders $ 30,029 $ 8,104 $ 40,505 $ (50,917)
[1] Amounts are shown net of tax expense of $2.5 million for the three months ended June 30, 2022, $0.5 million for the three months ended June 30, 2021, $7.0 million for the six months ended June 30, 2022, and $2.3 million for the six months ended June 30, 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 $0.4 million for the three months ended June 30, 2021, and $0.7 million for the six months ended June 30, 2021.