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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Parent
Common Stock
Capital in Excess of Par Value
Cumulative Net Income
Accumulated OCI
Cumulative Distributions
Non-controlling Interests
Total
Balance at beginning of period at Dec. 31, 2021 $ 736,714 $ 394 $ 856,895 $ 1,444,636 $ (172) $ (1,565,039) $ 8,413 $ 745,127
Balance (in shares) at Dec. 31, 2021   39,374            
Equity activity                
Net income 14,412     14,412     95 14,507
Stock-based compensation expense 1,925   1,925         1,925
Non-controlling interest distributions             (95) (95)
Common stock cash distributions (22,480)         (22,480)   (22,480)
Cash paid for taxes in lieu of common shares (1,255)   (1,255)         (1,255)
Cash paid for taxes in lieu of common shares (in shares)   (37)            
Fair market valuation adjustment for interest rate swap 4,876       4,876     4,876
Other (6) $ 1 (7)         (6)
Other (in shares)   123            
Balance at end of period at Mar. 31, 2022 734,186 $ 395 857,558 1,459,048 4,704 (1,587,519) 8,413 742,599
Balance (in shares) at Mar. 31, 2022   39,460            
Balance at beginning of period at Dec. 31, 2021 736,714 $ 394 856,895 1,444,636 (172) (1,565,039) 8,413 745,127
Balance (in shares) at Dec. 31, 2021   39,374            
Equity activity                
Net income               68,997
Balance at end of period at Jun. 30, 2022 802,974 $ 404 893,154 1,513,431 6,139 (1,610,154) 7,522 810,496
Balance (in shares) at Jun. 30, 2022   40,380            
Balance at beginning of period at Mar. 31, 2022 734,186 $ 395 857,558 1,459,048 4,704 (1,587,519) 8,413 742,599
Balance (in shares) at Mar. 31, 2022   39,460            
Equity activity                
Issuance of common stock 33,693 $ 9 33,684         33,693
Issuance of common stock (in shares)   910            
Net income 54,383     54,383     107 54,490
Stock-based compensation expense 2,012   2,012         2,012
Non-controlling interest distributions             (998) (998)
Common stock cash distributions (22,635)         (22,635)   (22,635)
Cash paid for taxes in lieu of common shares (100)   (100)         (100)
Cash paid for taxes in lieu of common shares (in shares)   (2)            
Fair market valuation adjustment for interest rate swap 1,435       1,435     1,435
Other (in shares)   12            
Balance at end of period at Jun. 30, 2022 802,974 $ 404 893,154 1,513,431 6,139 (1,610,154) 7,522 810,496
Balance (in shares) at Jun. 30, 2022   40,380            
Balance at beginning of period at Dec. 31, 2022 828,367 $ 412 931,124 1,544,660 8,719 (1,656,548) 21,940 850,307
Balance (in shares) at Dec. 31, 2022   41,262            
Equity activity                
Issuance of common stock 1,697   1,697         1,697
Issuance of common stock (in shares)   48            
Issuance of restricted stock   $ 1 (1)          
Issuance of restricted stock (in shares)   128            
Net income 33,134     33,134     427 33,561
Stock-based compensation expense 2,088   2,088         2,088
Non-controlling interests contributions             3,831 3,831
Non-controlling interest distributions             (406) (406)
Common stock cash distributions (23,563)         (23,563)   (23,563)
Cash paid for taxes in lieu of common shares (1,538)   (1,538)         (1,538)
Cash paid for taxes in lieu of common shares (in shares)   (41)            
Fair market valuation adjustment for interest rate swap (1,362)       (1,362)     (1,362)
Other (in shares)   (1)            
Balance at end of period at Mar. 31, 2023 838,823 $ 413 933,370 1,577,794 7,357 (1,680,111) 25,792 864,615
Balance (in shares) at Mar. 31, 2023   41,396            
Balance at beginning of period at Dec. 31, 2022 828,367 $ 412 931,124 1,544,660 8,719 (1,656,548) 21,940 850,307
Balance (in shares) at Dec. 31, 2022   41,262            
Equity activity                
Net income               40,165
Balance at end of period at Jun. 30, 2023 824,666 $ 413 935,427 1,583,968 8,568 (1,703,710) 34,949 859,615
Balance (in shares) at Jun. 30, 2023   41,409            
Balance at beginning of period at Mar. 31, 2023 838,823 $ 413 933,370 1,577,794 7,357 (1,680,111) 25,792 864,615
Balance (in shares) at Mar. 31, 2023   41,396            
Equity activity                
Issuance of restricted stock (in shares)   15            
Net income 6,174     6,174     430 6,604
Stock-based compensation expense 2,138   2,138         2,138
Non-controlling interests contributions             9,133 9,133
Non-controlling interest distributions             (406) (406)
Common stock cash distributions (23,599)         (23,599)   (23,599)
Cash paid for taxes in lieu of common shares (81)   (81)         (81)
Cash paid for taxes in lieu of common shares (in shares)   (2)            
Fair market valuation adjustment for interest rate swap 1,211       1,211     1,211
Balance at end of period at Jun. 30, 2023 $ 824,666 $ 413 $ 935,427 $ 1,583,968 $ 8,568 $ (1,703,710) $ 34,949 $ 859,615
Balance (in shares) at Jun. 30, 2023   41,409