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Note 22 - Accumulated Other Comprehensive Income ("AOCI")
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
22.
Accumulated Other Comprehensive Income (“AOCI”):
 
In accordance with the adoption of ASU
2016
-
01,
the Company recorded a cumulative-effect adjustment of
$1.1
million to beginning retained earnings as of
January 1, 2018,
which is reflected in Cumulative distributions in excess of net income on the Company’s Consolidated Statements of Changes in Equity, to reclassify unrealized losses previously reported in AOCI for available-for-sale marketable securities (See Footnotes
2
and
9
to the Notes to the Company’s Consolidated Financial Statements for additional disclosure).
 
The following table displays the change in the components of AOCI for the years ended
December 31, 2018
and
2017:
 
   
Foreign
Currency
Translation
Adjustments
    
Unrealized Gain
s
Related to
Available-for-Sale
Securities
    
Unrealized
Gain/(Loss)
on Interest
Rate Swap
    
Total
 
Balance as of January 1, 2017
   $
6,335
     $
406
     $
(975
 )   $
5,766
  
Other comprehensive income before reclassifications
    
3,711
      
(1,542
 )    
631
      
2,800
  
Amounts reclassified from AOCI (1)
    
(10,046
 )    
-
      
-
      
(10,046
 )
Net current-period other comprehensive income
    
(6,335
 )    
(1,542
 )    
631
      
(7,246
 )
Balance as of December 31, 2017
    
-
      
(1,136
 )    
(344
 )    
(1,480
 )
                                 
Balance as of January 1, 2018, as adjusted (2)
    
-
      
-
      
(344
 )    
(344
 )
Other comprehensive income before reclassifications
    
-
      
-
      
437
      
437
  
Amounts reclassified from AOCI (3)
    
-
      
-
      
(93
 )    
(93
 )
Net current-period other comprehensive income
    
-
      
-
      
344
      
344
  
Balance as of December 31, 2018
   $
-
     $
-
     $
-
     $
-
  
 
(
1
)
During the year ended
December 31, 2017,
the Company was deemed to have substantially liquidated its investment in Canada and as a result, recognized a net cumulative foreign currency translation gain. Amounts were reclassified to the Company’s Consolidated Statements of Income as follows (i)
$14.8
million of gain was reclassified to Equity in income of other real estate investments, net, and (ii)
$4.8
million of loss was reclassified to Equity in income of joint ventures, net.
(
2
)
Represents the balance as adjusted for the impact of change in accounting principles for ASU
2016
-
01.
See Footnote
1
of the Notes to the Consolidated Financial Statements for additional disclosure.
(
3
)
Amounts reclassified to Other income, net on the Company’s Consolidated Statements of Income.