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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, 2020       56,042,814            
Balance at the beginning of the period at Dec. 31, 2020 $ 3,715,023   $ 3,714,603 $ 562 $ 3,947,278 $ (72,556) $ (38,590) $ (122,091) $ 420  
Balance at the beginning of the period (in shares) at Dec. 31, 2020               (1,070,558)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest 56,355   56,100     56,100     255  
Interest rate swaps, net of tax 17,960 [1]   17,960       17,960      
Pension adjustment, net of tax 452 [2]   452       452      
Share of investee's other comprehensive income, net of tax expense (benefit) 5,721 [3]   5,721       5,721      
Issuance of common shares (in shares)       0            
Issuance of common shares (5)   (5) $ 0 (5)          
Repurchase of common shares (in shares)               (1,023,284)    
Repurchase of common shares (96,620)   (96,620)         $ (96,620)    
Stock plan activity (in shares)       130,462       (13,773)    
Stock plan activity 11,784   11,784 $ 1 13,145     $ (1,362)    
Balance at the end of the period (in shares) at Dec. 31, 2021       56,173,276            
Balance at the end 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 end of the period (in shares) at Dec. 31, 2021               (2,107,615)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest 184,636   184,533     184,533     103  
Interest rate swaps, net of tax 31,698 [1]   31,698       31,698      
Pension adjustment, net of tax (183) [2]   (183)       (183)      
Deconsolidation of Ward Village homeowners’ associations   $ (211)               $ (211)
Teravalis noncontrolling interest 65,046               65,046  
Reclassification of the Company’s share of previously deferred derivative gains, net of tax expense [4] (6,723)   (6,723)       (6,723)      
Share of investee's other comprehensive income, net of tax expense (benefit) [3] 0                  
Repurchase of common shares (in shares)               (4,283,874)    
Repurchase of common shares (388,372)   (388,372)         $ (388,372)    
Stock plan activity (in shares)       52,997       (32,787)    
Stock plan activity $ 9,551   9,551 $ 1 12,143     $ (2,593)    
Balance at the end of the period (in shares) at Dec. 31, 2022 49,801,997     56,226,273            
Balance at the end 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 end of the period (in shares) at Dec. 31, 2022 (6,424,276)             (6,424,276)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) excluding income (loss) attributable to redeemable noncontrolling interest $ (551,530)   (551,773)     (551,773)     243  
Interest rate swaps, net of tax (9,322) [1]   (9,322)       (9,322)      
Pension adjustment, net of tax 259 [2]   259       259      
Teravalis noncontrolling interest 219               219  
Share of investee's other comprehensive income, net of tax expense (benefit) [3] 0                  
Stock plan activity (in shares)       269,518       (33,501)    
Stock plan activity 13,208   13,208 $ 1 15,935     $ (2,728)    
Other $ (22)               (22)  
Balance at the end of the period (in shares) at Dec. 31, 2023 50,038,014     56,495,791            
Balance at the end of the period at Dec. 31, 2023 $ 3,058,924   $ 2,992,871 $ 565 $ 3,988,496 $ (383,696) $ 1,272 $ (613,766) $ 66,053  
Balance at the end of the period (in shares) at Dec. 31, 2023 (6,457,777)             (6,457,777)    
[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] Amount is shown net of deferred tax expense of $1.6 million for the year ended December 31, 2021.
[4] 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.