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Stockholders' Equity
 12 Months Ended
Dec. 31, 2014
Stockholders' Equity [Abstract]  
Stockholders' Equity

13. Stockholders’ Equity

     The following is a summary of our stockholder’s equity capital accounts as of the dates indicated:

December 31, 2014December 31, 2013
Preferred Stock, $1.00 par value:
Authorized shares50,000,00050,000,000
Issued shares25,875,00026,108,236
Outstanding shares25,875,00026,108,236
Common Stock, $1.00 par value:
Authorized shares700,000,000400,000,000
Issued shares329,487,615290,024,789
Outstanding shares328,790,066289,563,651

Preferred Stock. The following is a summary of our preferred stock activity during the periods presented (dollars in thousands, except per share amounts):

Year Ended
December 31, 2014December 31, 2013December 31, 2012
Weighted Avg.Weighted Avg.Weighted Avg.
SharesDividend RateSharesDividend RateSharesDividend Rate
Beginning balance26,108,2366.496%26,224,8546.493%25,724,8547.013%
Shares issued-0.000%-0.000%11,500,0006.500%
Shares redeemed-0.000%-0.000%(11,000,000)7.716%
Shares converted(233,236)6.000%(116,618)6.000%-0.000%
Ending balance25,875,0006.500%26,108,2366.496%26,224,8546.493%

     During the three months ended December 31, 2010, we issued 349,854 shares of 6.00% Series H Cumulative Convertible and Redeemable Preferred Stock in connection with a business combination. During the years ended December 31, 2013 and 2014, all shares were converted into common stock, leaving zero shares outstanding.

     During the three months ended March 31, 2011, we issued 14,375,000 of 6.50% Series I Cumulative Convertible Perpetual Preferred Stock. These shares have a liquidation value of $50.00 per share. Dividends are payable quarterly in arrears. The preferred stock is not redeemable by us. The preferred shares are convertible, at the holder’s option, into 0.8460 shares of common stock (equal to an initial conversion price of approximately $59.10).

     During the three months ended March 31, 2012, we issued 11,500,000 of 6.50% Series J Cumulative Redeemable Preferred Stock. Dividends are payable quarterly in arrears. The preferred stock, which has no stated maturity, may be redeemed by us at a redemption price of $25.00 per share, plus accrued and unpaid dividends on such shares to the redemption date, on or after March 7, 2017.

     Common Stock. The following is a summary of our common stock issuances during the periods indicated (dollars in thousands, except per share amounts):

Shares IssuedAverage PriceGross ProceedsNet Proceeds
February 2012 public issuance20,700,000$ 53.50 $1,107,450$1,062,256
August 2012 public issuance13,800,000 58.75 810,750778,011
September 2012 public issuance29,900,000 56.00 1,674,4001,606,665
2012 Dividend reinvestment plan issuances2,136,140 56.37 120,411120,411
2012 Option exercises341,371 40.86 13,94913,949
2012 Senior note conversions1,039,721 --
2012 Totals67,917,232$3,726,960$3,581,292
May 2013 public issuance23,000,000$ 73.50 $1,690,500$1,630,281
2013 Dividend reinvestment plan issuances3,429,928 62.78 215,346215,346
2013 Option exercises213,724 42.16 9,0109,010
2013 Senior note conversions988,007 --
2013 Preferred stock conversions116,618--
2013 Equity issued in acquisition of noncontrolling interest1,108,917 --
2013 Totals28,857,194$1,914,856$1,854,637
June 2014 public issuance16,100,000 62.35 1,003,835968,517
September 2014 public issuance17,825,000 63.75 1,136,3441,095,465
2014 Dividend reinvestment plan issuances4,122,941 62.35 257,055257,055
2014 Option exercises498,549 45.79 22,83122,831
2014 Preferred stock conversions233,236 --
2014 Stock incentive plans, net of forfeitures188,147--
2014 Senior note conversions258,542 --
2014 Totals39,226,415$2,420,065$2,343,868

During the twelve months ended December 31, 2013, we acquired the remaining 20% noncontrolling interest in an existing partnership for $91,000,000 which consisted of $23,247,000 of cash and 1,108,917 shares of common stock. In connection with the acquisition, we incurred $2,732,000 of transaction costs, which we have included as a reduction to additional paid in capital

     Dividends. The increase in dividends is primarily attributable to increases in our common shares outstanding as described above. Please refer to Notes 2 and 18 for information related to federal income tax of dividends. The following is a summary of our dividend payments (in thousands, except per share amounts):

Year Ended
December 31, 2014December 31, 2013December 31, 2012
Per ShareAmountPer ShareAmountPer ShareAmount
Common Stock$3.18000$969,661$3.06000$839,939$2.96000$653,321
Series D Preferred Stock----0.503012,012
Series F Preferred Stock----0.487153,410
Series H Preferred Stock0.0079412.858409302.858401,000
Series I Preferred Stock3.2500046,7193.2500046,7193.2500046,719
Series J Preferred Stock1.6251018,6881.6251018,6871.3903815,988
Totals$1,035,069$906,275$722,450

Accumulated Other Comprehensive Income. The following is a summary of accumulated other comprehensive income/(loss) for the periods presented (in thousands):

Unrecognized gains (losses) related to:
Foreign Currency TranslationEquity InvestmentsActuarial lossesCash Flow HedgesTotal
Balance at December 31, 2013$(17,631)$(389)$(1,452)$(5,059)$(24,531)
Other comprehensive income before reclassification adjustments (56,611)389(137)2,610(53,749)
Reclassification amount to net income(528)-- 1,799 (1)1,271
Net current-period other comprehensive income (57,139)389(137)4,409(52,478)
Balance at December 31, 2014$(74,770)$-$(1,589)$(650)$(77,009)
Balance at December 31, 2012$(881)$(216)$(2,974)$(6,957)$(11,028)
Other comprehensive income before reclassification adjustments (16,750)(173)1,522(16)(15,417)
Reclassification amount to net income--- 1,914 (1)1,914
Net current-period other comprehensive income (16,750)(173)1,5221,898(13,503)
Balance at December 31, 2013$(17,631)$(389)$(1,452)$(5,059)$(24,531)
(1) Please see Note 11 for additional information.

     Other Equity. Other equity consists of accumulated option compensation expense, which represents the amount of amortized compensation costs related to stock options awarded to employees and directors.