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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net income (loss) $ (550,708) $ 184,636 $ 48,924
Other comprehensive income (loss)      
Interest rate caps and swaps [1] (9,322) 31,698 17,960
Pension adjustment [2] 259 (183) 452
Reclassification of the Company's share of previously deferred derivative gains to net income [3] 0 (6,723) 0
Share of investee’s other comprehensive income [4] 0 0 5,721
Other comprehensive income (loss) (9,063) 24,792 24,133
Comprehensive income (loss) (559,771) 209,428 73,057
Comprehensive (income) loss attributable to noncontrolling interests (243) (103) 7,176
Comprehensive income (loss) attributable to common stockholders $ (560,014) $ 209,325 $ 80,233
[1] Amounts are shown net of deferred tax benefit of $2.7 million for the year ended December 31, 2023, deferred tax expense of $9.5 million for the year ended December 31, 2022, and deferred tax expense of $5.1 million for the year ended December 31, 2021.
[2] The deferred tax impact was not meaningful for the years ended December 31, 2023, 2022, and 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 - Investments in Unconsolidated Ventures for additional information.
[4] Amount is shown net of deferred tax expense of $1.6 million for the year ended December 31, 2021.