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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - 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) 131,272   131,782     131,782     (510)  
Interest rate swaps, net of tax 31,064 [1]   31,064       31,064      
Deconsolidation of Ward Village homeowners’ associations   $ (210)               $ (210)
Teravalis noncontrolling interest 65,046               65,046  
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)               (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       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)    
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) 107,669   108,096     108,096     (427)  
Interest rate swaps, net of tax 7,522 [1]   7,522       7,522      
Teravalis noncontrolling interest 15,025               15,025  
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       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)    
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) $ (585,755)   (585,921)     (585,921)     166  
Interest rate swaps, net of tax (2,764) [1]   (2,764)       (2,764)      
Teravalis noncontrolling interest 177               177  
Stock plan activity (in shares)       322,506       (21,628)    
Stock plan activity 9,418   9,418 $ 2 11,138     $ (1,722)    
Stock conversion to HHH (in shares)       (56,548,779)       6,445,904    
Stock conversion to HHH 0     $ (566) (612,194)     $ 612,760    
HHC shares issued to HHH (in shares)       10            
Capital transactions with HHH 2,485   2,485   2,623 (138)        
Other $ (22)               (22)  
Balance at the end of the period (in shares) at Sep. 30, 2023 10     10            
Balance at the end of the period at Sep. 30, 2023 $ 3,029,651   2,963,717 $ 0 3,374,128 (417,982) 7,571 $ 0 65,934  
Balance at the end of the period (in shares) at Sep. 30, 2023 0             0    
Balance at the beginning of the period (in shares) at Jun. 30, 2023       56,533,030            
Balance at the beginning of the period at Jun. 30, 2023 $ 3,568,453   3,502,625 $ 566 3,980,780 126,189 7,753 $ (612,663) 65,828  
Balance at the beginning of the period (in shares) at Jun. 30, 2023               (6,444,748)    
Increase (Decrease) in Stockholders' Equity                    
Net income (loss) (543,987)   (544,033)     (544,033)     46  
Interest rate swaps, net of tax (182) [1]   (182)       (182)      
Teravalis noncontrolling interest 60               60  
Stock plan activity (in shares)       15,749       (1,156)    
Stock plan activity 2,822   2,822   2,919     $ (97)    
Stock conversion to HHH (in shares)       (56,548,779)       6,445,904    
Stock conversion to HHH 0     $ (566) (612,194)     $ 612,760    
HHC shares issued to HHH (in shares)       10            
Capital transactions with HHH $ 2,485   2,485   2,623 (138)        
Balance at the end of the period (in shares) at Sep. 30, 2023 10     10            
Balance at the end of the period at Sep. 30, 2023 $ 3,029,651   $ 2,963,717 $ 0 $ 3,374,128 $ (417,982) $ 7,571 $ 0 $ 65,934  
Balance at the end of the period (in shares) at Sep. 30, 2023 0             0    
[1] Amounts are shown net of tax benefit of $0.1 million for the three months ended September 30, 2023, and $0.8 million for the nine months ended September 30, 2023, and tax expense of $2.2 million for the three months ended September 30, 2022, and $9.3 million for the nine months ended September 30, 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.