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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Ward Village Homeowners Associations
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling Interests
Noncontrolling Interests
Ward Village Homeowners Associations
Balance at the beginning of the period (in shares) at Dec. 31, 2021       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)    
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) 2,171   2,122     2,122     49  
Interest rate swaps, net of tax 15,077 [1]   15,077       15,077      
Deconsolidation of Ward Village homeowners’ associations   $ (210)               $ (210)
Reclassification of the Company’s share of previously deferred derivative gains, net of tax expense [2] (6,723)   (6,723)       (6,723)      
Repurchase of common shares (in shares)               (1,750,668)    
Repurchase of common shares (170,670)   (170,670)         $ (170,670)    
Stock plan activity (in shares)       127,048       (9,932)    
Stock plan activity 3,083   3,083 $ 1 3,994     $ (912)    
Balance at the end of the period (in shares) at Mar. 31, 2022       56,300,324            
Balance at the end 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 end of the period (in shares) at Mar. 31, 2022               (3,868,215)    
Balance at the beginning of the period (in shares) at Dec. 31, 2022 49,801,997     56,226,273            
Balance at the beginning of the period at Dec. 31, 2022 $ 3,606,112   3,540,499 $ 564 3,972,561 168,077 10,335 $ (611,038) 65,613  
Balance at the beginning of the period (in shares) at Dec. 31, 2022 (6,424,276)             (6,424,276)    
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) $ (22,627)   (22,745)     (22,745)     118  
Interest rate swaps, net of tax (5,330) [1]   (5,330)       (5,330)      
Teravalis noncontrolling interest 56               56  
Stock plan activity (in shares)       201,655       (7,166)    
Stock plan activity 4,334   4,334 $ 2 4,953     $ (621)    
Other $ (22)               (22)  
Balance at the end of the period (in shares) at Mar. 31, 2023 49,996,486     56,427,928            
Balance at the end of the period at Mar. 31, 2023 $ 3,582,523   $ 3,516,758 $ 566 $ 3,977,514 $ 145,332 $ 5,005 $ (611,659) $ 65,765  
Balance at the end of the period (in shares) at Mar. 31, 2023 (6,431,442)             (6,431,442)    
[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.