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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling Interests
Balance at the beginning of the period (in shares) at Dec. 31, 2020     56,042,814          
Balance at the beginning of the period at Dec. 31, 2020 $ 3,715,023 $ 3,714,603 $ 562 $ 3,947,278 $ (72,556) $ (38,590) $ (122,091) $ 420
Balance at the beginning of the period (in shares) at Dec. 31, 2020             1,070,558  
Increase (Decrease) in Stockholders' Equity                
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest (61,841) (61,753)     (61,753)     (88)
Interest rate swaps 8,261 [1] 8,261       8,261    
Share of investee's other comprehensive income 2,575 [2] 2,575       2,575    
Issuance of common shares (5) (5)   (5)        
Stock plan activity (in shares)     154,004          
Stock plan activity 7,890 7,890 $ 1 7,889        
Balance at the end of the period (in shares) at Jun. 30, 2021     56,196,818          
Balance at the end of the period at Jun. 30, 2021 3,671,903 3,671,571 $ 563 3,955,162 (134,309) (27,754) $ (122,091) 332
Balance at the end of the period (in shares) at Jun. 30, 2021             1,070,558  
Balance at the beginning of the period (in shares) at Mar. 31, 2021     56,178,233          
Balance at the beginning of the period at Mar. 31, 2021 3,661,267 3,660,842 $ 563 3,952,537 (139,150) (31,017) $ (122,091) 425
Balance at the beginning of the period (in shares) at Mar. 31, 2021             1,070,558  
Increase (Decrease) in Stockholders' Equity                
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest 4,748 4,841     4,841     (93)
Interest rate swaps 1,905 [1] 1,905       1,905    
Share of investee's other comprehensive income 1,358 [2] 1,358       1,358    
Stock plan activity (in shares)     18,585          
Stock plan activity 2,625 2,625   2,625        
Balance at the end of the period (in shares) at Jun. 30, 2021     56,196,818          
Balance at the end of the period at Jun. 30, 2021 $ 3,671,903 3,671,571 $ 563 3,955,162 (134,309) (27,754) $ (122,091) 332
Balance at the end of the period (in shares) at Jun. 30, 2021             1,070,558  
Balance at the beginning of the period (in shares) at Dec. 31, 2021 54,065,661   56,173,276          
Balance at the beginning of the period at Dec. 31, 2021 $ 3,710,670 3,709,995 $ 563 3,960,418 (16,456) (14,457) $ (220,073) 675
Balance at the beginning of the period (in shares) at Dec. 31, 2021 2,107,615           2,107,615  
Increase (Decrease) in Stockholders' Equity                
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest $ 23,603 23,686     23,686     (83)
Interest rate swaps 23,542 [1] 23,542       23,542    
Deconsolidation of Associations of Unit Owners (210)             (210)
Issuance of Douglas Ranch noncontrolling interest 50,021             50,021
Reclassification of the Company’s share of previously deferred derivative gains, net of tax expense [3] (6,723) (6,723)       (6,723)    
Share of investee's other comprehensive income [2] 0              
Repurchase of common shares (in shares)             (3,915,068)  
Repurchase of common shares (362,932) (362,932)         $ (362,932)  
Stock plan activity (in shares)     122,272       (10,316)  
Stock plan activity $ 5,830 5,830 $ 1 6,776     $ (947)  
Balance at the end of the period (in shares) at Jun. 30, 2022 50,262,549   56,295,548          
Balance at the end of the period at Jun. 30, 2022 $ 3,443,801 3,393,398 $ 564 3,967,194 7,230 2,362 $ (583,952) 50,403
Balance at the end of the period (in shares) at Jun. 30, 2022 6,032,999           6,032,999  
Balance at the beginning of the period (in shares) at Mar. 31, 2022     56,300,324          
Balance at the beginning of the period at Mar. 31, 2022 $ 3,553,398 3,552,884 $ 564 3,964,412 (14,334) (6,103) $ (391,655) 514
Balance at the beginning of the period (in shares) at Mar. 31, 2022             3,868,215  
Increase (Decrease) in Stockholders' Equity                
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest 21,432 21,564     21,564     (132)
Interest rate swaps 8,465 [1] 8,465       8,465    
Issuance of Douglas Ranch noncontrolling interest 50,021             50,021
Share of investee's other comprehensive income [2] 0              
Repurchase of common shares (in shares)             (2,164,400)  
Repurchase of common shares (192,262) (192,262)         $ (192,262)  
Stock plan activity (in shares)     (4,776)       (384)  
Stock plan activity $ 2,747 2,747   2,782     $ (35)  
Balance at the end of the period (in shares) at Jun. 30, 2022 50,262,549   56,295,548          
Balance at the end of the period at Jun. 30, 2022 $ 3,443,801 $ 3,393,398 $ 564 $ 3,967,194 $ 7,230 $ 2,362 $ (583,952) $ 50,403
Balance at the end of the period (in shares) at Jun. 30, 2022 6,032,999           6,032,999  
[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] 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.
[3] 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.