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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Retained Earnings (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 (58,129) (57,700)     (57,700)     (429)
Interest rate swaps 11,232 [1] 11,232       11,232    
Share of investee's other comprehensive income 4,083 [2] 4,083       4,083    
Issuance of common shares (5) (5)   (5)        
Stock plan activity (in shares)     154,004       (1,774)  
Stock plan activity 10,380 10,380 $ 1 10,541     $ (162)  
Balance at the end of the period (in shares) at Sep. 30, 2021     56,196,818          
Balance at the end of the period at Sep. 30, 2021 3,682,584 3,682,593 $ 563 3,957,814 (130,256) (23,275) $ (122,253) (9)
Balance at the end of the period (in shares) at Sep. 30, 2021             (1,072,332)  
Balance at the beginning of the period (in shares) at Jun. 30, 2021     56,196,818          
Balance at the beginning 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 beginning of the period (in shares) at Jun. 30, 2021             (1,070,558)  
Increase (Decrease) in Stockholders' Equity                
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest 3,712 4,053     4,053     (341)
Interest rate swaps 2,971 [1] 2,971       2,971    
Share of investee's other comprehensive income 1,508 [2] 1,508       1,508    
Stock plan activity (in shares)             (1,774)  
Stock plan activity 2,490 2,490   2,652     $ (162)  
Balance at the end of the period (in shares) at Sep. 30, 2021     56,196,818          
Balance at the end of the period at Sep. 30, 2021 $ 3,682,584 3,682,593 $ 563 3,957,814 (130,256) (23,275) $ (122,253) (9)
Balance at the end of the period (in shares) at Sep. 30, 2021             (1,072,332)  
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 $ 131,272 131,782     131,782     (510)
Interest rate swaps 31,064 [1] 31,064       31,064    
Deconsolidation of Associations of Unit Owners (210)             (210)
Issuance of Teravalis noncontrolling interest 65,046             65,046
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)             (4,283,874)  
Repurchase of common shares (388,372) (388,372)         $ (388,372)  
Stock plan activity (in shares)     134,110       (14,896)  
Stock plan activity $ 8,144 8,144 $ 1 9,422     $ (1,279)  
Balance at the end of the period (in shares) at Sep. 30, 2022 49,901,001   56,307,386          
Balance at the end of the period at Sep. 30, 2022 $ 3,550,891 3,485,890 $ 564 3,969,840 115,326 9,884 $ (609,724) 65,001
Balance at the end of the period (in shares) at Sep. 30, 2022 (6,406,385)           (6,406,385)  
Balance at the beginning of the period (in shares) at Jun. 30, 2022     56,295,548          
Balance at the beginning 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 beginning of the period (in shares) at Jun. 30, 2022             (6,032,999)  
Increase (Decrease) in Stockholders' Equity                
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest 107,669 108,096     108,096     (427)
Interest rate swaps 7,522 [1] 7,522       7,522    
Issuance of Teravalis noncontrolling interest 15,025             15,025
Share of investee's other comprehensive income [2] 0              
Repurchase of common shares (in shares)             (368,806)  
Repurchase of common shares (25,440) (25,440)         $ (25,440)  
Stock plan activity (in shares)     11,838       (4,580)  
Stock plan activity $ 2,314 2,314   2,646     $ (332)  
Balance at the end of the period (in shares) at Sep. 30, 2022 49,901,001   56,307,386          
Balance at the end of the period at Sep. 30, 2022 $ 3,550,891 $ 3,485,890 $ 564 $ 3,969,840 $ 115,326 $ 9,884 $ (609,724) $ 65,001
Balance at the end of the period (in shares) at Sep. 30, 2022 (6,406,385)           (6,406,385)  
[1] Amounts are shown net of tax expense of $2.2 million for the three months ended September 30, 2022, $0.8 million for the three months ended September 30, 2021, $9.3 million for the nine months ended September 30, 2022, and $3.1 million for the nine months ended September 30, 2021.
[2] Amount is shown net of tax expense of $0.4 million for the three months ended September 30, 2021, and $1.2 million for the nine months ended September 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.