EQUITY STRUCTURE AND ACCOUNTS (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of repurchase of treasury stock activity

The following table is a summary of the Company’s repurchase activity of its Class A common stock during the years ended December 31, 2016 and 2015 ($ in thousands):

	Shares	Amount(1)
Authorizations remaining as of December 31, 2015		$	49,006
Additional authorizations		—
Repurchases paid	424,317	(4,653		)
Repurchases unsettled		—
Authorizations remaining as of December 31, 2016		$	44,353

(1)         Amount excludes commissions paid associated with share repurchases.

	Shares	Amount(1)
Authorizations remaining as of December 31, 2014		$	50,000
Additional authorizations		—
Repurchases paid	84,203	(994		)
Repurchases unsettled		—
Authorizations remaining as of December 31, 2015		$	49,006

(1)         Amount excludes commissions paid associated with share repurchases.

Schedule of dividends declared and paid

The following table presents dividends declared (on a per share basis) of Class A common stock for the years ended December 31, 2016 and 2015:

Declaration Date	Dividend per Share
March 1, 2016	$	0.275
June 1, 2016	0.275
September 1, 2016	0.275
December 2, 2016	0.460
Total	$	1.285
March 12, 2015	$	0.250
June 8, 2015	0.250
September 1, 2015	0.275
December 1, 2015	1.450
Total	$	2.225

The following table presents the tax treatment for our aggregate distributions per share of common stock paid for the years ended December 31, 2016 and 2015:

Record Date	Payment Date		Dividend per Share		Ordinary Dividends		Qualified Dividends		Capital Gain		Unrecaptured 1250 Gain
March 10, 2016	April 1, 2016		$	0.275	$	0.254	$	—	$	0.021	$	—
June 13, 2016	July 1, 2016		0.275		0.254		—		0.021		—
September 12, 2016	October 3, 2016		0.275		0.254		—		0.021		—
December 27, 2016	January 24, 2017	(1)	0.401		0.370		—		0.031		—
Total			$	1.226	$	1.132	$	—	$	0.094	$	—

(1)      $0.401 of the $0.460 fourth quarter dividend paid on January 24, 2017 is considered a 2016 dividend for U.S. federal income tax purposes. $0.059 is considered a 2017 dividend for U.S. federal income tax purposes and will be reflected in 2017 tax reporting.

Record Date	Payment Date		Dividend per Share		Ordinary Dividends		Qualified Dividends (1)		Capital Gain		Unrecaptured 1250 Gain (2)
April 6, 2015	April 15, 2015		$	0.250	$	0.250	$	0.250	$	—	$	—
June 15, 2015	July 1, 2015		0.250		0.250		0.250		—		—
September 10, 2015	October 1, 2015		0.275		0.275		0.275		—		—
December 10, 2015	January 21, 2016	(3)	1.450		1.306		0.156		0.144		0.020
Total			$	2.225	$	2.081	$	0.931	$	0.144	$	0.020

(1)       For 2015, Qualified Dividends represents the portion of total Ordinary Dividends which constitutes “qualified dividend income,” as defined by the Internal Revenue Code.

(2)       For 2015, Unrecaptured 1250 Gain represents the portion of total Capital Gain which constitutes gain required to be taxed as “Unrecaptured Section 1250 Gain,” as defined by the Internal Revenue Code.

(3)      The fourth quarter dividend paid on January 21, 2016 is considered a 2015 dividend for U.S. federal income tax purposes.

Schedule of tax treatment of aggregate distributions per share of common stock paid

The following table presents dividends declared (on a per share basis) of Class A common stock for the years ended December 31, 2016 and 2015:

Declaration Date	Dividend per Share
March 1, 2016	$	0.275
June 1, 2016	0.275
September 1, 2016	0.275
December 2, 2016	0.460
Total	$	1.285
March 12, 2015	$	0.250
June 8, 2015	0.250
September 1, 2015	0.275
December 1, 2015	1.450
Total	$	2.225

The following table presents the tax treatment for our aggregate distributions per share of common stock paid for the years ended December 31, 2016 and 2015:

Record Date	Payment Date		Dividend per Share		Ordinary Dividends		Qualified Dividends		Capital Gain		Unrecaptured 1250 Gain
March 10, 2016	April 1, 2016		$	0.275	$	0.254	$	—	$	0.021	$	—
June 13, 2016	July 1, 2016		0.275		0.254		—		0.021		—
September 12, 2016	October 3, 2016		0.275		0.254		—		0.021		—
December 27, 2016	January 24, 2017	(1)	0.401		0.370		—		0.031		—
Total			$	1.226	$	1.132	$	—	$	0.094	$	—

(1)      $0.401 of the $0.460 fourth quarter dividend paid on January 24, 2017 is considered a 2016 dividend for U.S. federal income tax purposes. $0.059 is considered a 2017 dividend for U.S. federal income tax purposes and will be reflected in 2017 tax reporting.

Record Date	Payment Date		Dividend per Share		Ordinary Dividends		Qualified Dividends (1)		Capital Gain		Unrecaptured 1250 Gain (2)
April 6, 2015	April 15, 2015		$	0.250	$	0.250	$	0.250	$	—	$	—
June 15, 2015	July 1, 2015		0.250		0.250		0.250		—		—
September 10, 2015	October 1, 2015		0.275		0.275		0.275		—		—
December 10, 2015	January 21, 2016	(3)	1.450		1.306		0.156		0.144		0.020
Total			$	2.225	$	2.081	$	0.931	$	0.144	$	0.020

(1)       For 2015, Qualified Dividends represents the portion of total Ordinary Dividends which constitutes “qualified dividend income,” as defined by the Internal Revenue Code.

(2)       For 2015, Unrecaptured 1250 Gain represents the portion of total Capital Gain which constitutes gain required to be taxed as “Unrecaptured Section 1250 Gain,” as defined by the Internal Revenue Code.

(3)      The fourth quarter dividend paid on January 21, 2016 is considered a 2015 dividend for U.S. federal income tax purposes.

Schedule of accumulated other comprehensive Income

The following table presents changes in accumulated other comprehensive income related to the cumulative difference between the fair market value and the amortized cost basis of securities classified as available for sale for the years ended December 31, 2016, 2015 and 2014 ($ in thousands):

	Accumulated Other Comprehensive Income (Loss)			Accumulated Other Comprehensive Income of Noncontrolling Interests			Total Accumulated Other Comprehensive Income
December 31, 2015	$	(3,556	)	$	(2,839	)	$	(6,395	)
Other comprehensive income (loss)	3,420			5,099			8,519
Exchange of noncontrolling interest for common stock	1,202			(1,202		)	—
Rebalancing of ownership percentage between Company and Operating Partnership	299			(299		)	—
December 31, 2016	$	1,365		$	759		$	2,124

	Accumulated Other Comprehensive Income (Loss)			Accumulated Other Comprehensive Income of Noncontrolling Interests			Total Accumulated Other Comprehensive Income
December 31, 2014	$	15,656		$	14,494		$	30,150
Other comprehensive income (loss)	(20,046		)	(16,499		)	(36,545		)
Exchange of noncontrolling interest for common stock	645			(645		)	—
Rebalancing of ownership percentage between Company and Operating Partnership	189			(189		)	—
December 31, 2015	$	(3,556	)	$	(2,839	)	$	(6,395	)

	Accumulated Other Comprehensive Income (Loss)			Accumulated Other Comprehensive Income of Noncontrolling Interests			Total Accumulated Other Comprehensive Income
December 31, 2013	$	—		$	12,134		$	12,134
Other comprehensive income (loss)	488			17,528			18,016
Exchange of capital for common stock	14,874			(14,874		)	—
Exchange of noncontrolling interest for common stock	324			(324		)	—
Rebalancing of ownership percentage between Company and Operating Partnership	(30		)	30			—
December 31, 2014	$	15,656		$	14,494		$	30,150