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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]    
Net income (loss) $ (22,627) $ 2,171
Other comprehensive income (loss):    
Interest rate caps and swaps [1] (5,330) 15,077
Reclassification of the Company's share of previously deferred derivative gains to net income [2] 0 (6,723)
Other comprehensive income (loss) (5,330) 8,354
Comprehensive income (loss) (27,957) 10,525
Comprehensive (income) loss attributable to noncontrolling interests (118) (49)
Comprehensive income (loss) attributable to common stockholders $ (28,075) $ 10,476
[1] Amounts are shown net of tax benefit of $1.6 million for the three months ended March 31, 2023, and tax expense of $4.5 million for the three months ended March 31, 2022.
[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 - Investments in Unconsolidated Ventures for additional information.