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Equity (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Common Stock Granted
During the nine months ended September 30, 2016 and 2015, the Company granted common shares to certain employees and trustees as follows:
 
Nine Months ended September 30,
 
2016
 
2015
Performance Shares(1)
 
 
 
Shares issued:
 
 
 
Index
404,466
 
321,018
Peer
404,463
 
321,011
 
 
 
 
Grant date fair value per share:(2)
 
 
 
Index
$4.53
 
$6.86
Peer
$4.58
 
$6.66
 
 
 
 
Non-Vested Common Shares:(3)
 
 
 
Shares issued
225,090
 
170,650
Grant date fair value
$1,724
 
$1,916
 
 
 
 
Non-management Board of Trustee grant:(4)
 
 
 
Shares issued
17,500
 
20,400
Grant date fair value
$131
 
$209
(1)
The shares vest based on the Company's total shareholder return growth after a three-year measurement period relative to an index and a group of Company peers. Dividends will not be paid on these grants until earned. Once the performance criteria are met and the actual number of shares earned is determined, such shares vest immediately.
(2)
The fair value of grants was determined at the grant date using a Monte Carlo simulation model.
(3)
The shares vest ratably over a three-year service period.
(4)
Annual grant and shares vested upon grant.
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated Other Comprehensive Loss
 
 
Gains and Losses
on Cash Flow Hedges
Balance December 31, 2015
 
$
(1,939
)
Other comprehensive loss before reclassifications
 
(6,035
)
Amounts of loss reclassified from accumulated other comprehensive income to interest expense
 
3,091

Balance September 30, 2016
 
$
(4,883
)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net
The following discloses the effects of changes in the Company's ownership interests in its noncontrolling interests:
 
Net Income Attributable to Shareholders and Transfers from Noncontrolling Interests
 
Nine Months ended September 30,
 
2016
 
2015
Net income attributable to Lexington Realty Trust shareholders
$
73,215

 
$
76,853

Transfers from noncontrolling interests:
 
 
 
Increase in additional paid-in-capital for redemption of noncontrolling units
31

 

Change from net income attributable to shareholders and transfers from noncontrolling interests
$
73,246

 
$
76,853