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EQUITY STRUCTURE AND ACCOUNTS (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Common stock repurchase 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, 2019, 2018 and 2017 ($ in thousands):

 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2018
 
 
 
$
41,769

Additional authorizations
 
 
 

Repurchases paid
 
40,065

 
(637
)
Repurchases unsettled
 
 
 

Authorizations remaining as of December 31, 2019
 
 
 
$
41,132

 
(1)
Amount excludes commissions paid associated with share repurchases.
 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2017
 
 
 
$
41,769

Additional authorizations
 
 
 

Repurchases paid
 

 

Repurchases unsettled
 
 
 

Authorizations remaining as of December 31, 2018
 
 
 
$
41,769

 
(1)
Amount excludes commissions paid associated with share repurchases.
 
 
Shares
 
Amount(1)
 
 
 
 
 
Authorizations remaining as of December 31, 2016
 
 
 
$
44,353

Additional authorizations
 
 
 

Repurchases paid
 
189,897

 
(2,584
)
Repurchases unsettled
 
 
 

Authorizations remaining as of December 31, 2017
 
 
 
$
41,769

 
(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, 2019, 2018 and 2017:

Declaration Date
 
Dividend per Share
 
 
 
February 27, 2019
 
$
0.340

May 30, 2019
 
0.340

August 22, 2019
 
0.340

November 26, 2019
 
0.340

Total
 
$
1.360

 
 
 
February 27, 2018
 
$
0.315

May 30, 2018
 
0.325

September 5, 2018
 
0.325

November 1, 2018(1)
 
0.570

Total
 
$
1.535

 
 
 
March 1, 2017
 
$
0.300

June 1, 2017
 
0.300

September 1, 2017
 
0.300

November 7, 2017
 
0.315

Total
 
$
1.215


 
(1)
On October 30, 2018, the Company’s board of directors approved the fourth quarter 2018 dividend of $0.570 per share of the Company’s Class A common stock in order to meet its annual REIT taxable income distribution requirement. The dividend was paid as a combination of cash and Class A common stock, subject to shareholder elections.

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, 2019, 2018 and 2017 ($ in thousands):
 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income (Loss) of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
December 31, 2018
 
$
(4,649
)
 
$
(588
)
 
$
(5,237
)
Other comprehensive income (loss)
 
8,785

 
1,145

 
9,930

Exchange of noncontrolling interest for common stock
 
65

 
(65
)
 

Rebalancing of ownership percentage between Company and Operating Partnership
 
17

 
(17
)
 

December 31, 2019
 
$
4,218

 
$
475

 
$
4,693


 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income (Loss) of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
December 31, 2017
 
$
(212
)
 
$
116

 
$
(96
)
Other comprehensive income (loss)
 
(4,211
)
 
(930
)
 
(5,141
)
Exchange of noncontrolling interest for common stock
 
(167
)
 
167

 

Rebalancing of ownership percentage between Company and Operating Partnership
 
(59
)
 
59

 

December 31, 2018
 
$
(4,649
)
 
$
(588
)
 
$
(5,237
)

 
 
Accumulated Other Comprehensive Income (Loss)
 
Accumulated Other Comprehensive Income (Loss) of Noncontrolling Interests
 
Total Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
December 31. 2016
 
$
1,365

 
$
759

 
$
2,124

Other comprehensive income (loss)
 
(2,915
)
 
695

 
(2,220
)
Exchange of noncontrolling interest for common stock
 
1,696

 
(1,696
)
 

Rebalancing of ownership percentage between Company and Operating Partnership
 
(358
)
 
358

 

December 31, 2017
 
$
(212
)
 
$
116

 
$
(96
)