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Equity and Capital
9 Months Ended
Sep. 30, 2018
Equity and Capital [Abstract]  
Equity and Capital
Equity and Capital
Common Stock of the Parent Company
At the Market ("ATM") Program
Under the Parent Company's ATM equity offering program, the Parent Company may sell up to $500 million of common stock at prices determined by the market at the time of sale. There were no shares issued under the ATM equity program during the nine months ended September 30, 2018 or 2017. As of September 30, 2018, all $500 million of common stock remained available for issuance under this ATM equity program.
Share Repurchase Program
On February 7, 2018, the Company's Board authorized a common share repurchase program under which the Company may repurchase, from time to time, up to $250 million worth of shares of its outstanding common stock through open market purchases and/or in privately negotiated transactions. Any shares purchased will be retired. The program is scheduled to expire on February 6, 2020. The timing and actual number of shares repurchased under the program depend upon marketplace conditions and other factors. The program remains subject to the discretion of the Board. As of September 30, 2018, the Company had repurchased 2,145,209 shares for $125.0 million at an average price of $58.24 per share.
Subsequent Event - Transfer of Listing
On October 25, 2018, the Company's Board approved the transfer of the Company's common stock from listing on the New York Stock Exchange ("NYSE") to The NASDAQ Global Select Market ("NASDAQ"). The Company expects the last day of trading on the NYSE to be November 12, 2018. The Company's common stock has been approved for listing on NASDAQ, is expected to commence trading on November 13, 2018, and will continue to trade under the stock symbol "REG".
Common Units of the Operating Partnership
Common units of the operating partnership are issued or redeemed and retired for each of the shares of Parent Company common stock issued or repurchased and retired, as described above.
Accumulated Other Comprehensive Loss ("AOCI")
The following tables present changes in the balances of each component of AOCI:
 
Controlling Interests
 
Noncontrolling Interests
 
Total
(in thousands)
Cash Flow Hedges
 
Unrealized gain (loss) on Available-For-Sale Debt Securities
 
AOCI
 
Cash Flow Hedges
 
Unrealized gain (loss) on Available-For-Sale Debt Securities
 
AOCI
 
AOCI
Balance as of December 31, 2016
$
(18,327
)
 
(19
)
 
(18,346
)
 
(301
)
 

 
(301
)
 
(18,647
)
Other comprehensive income before reclassifications
(3,768
)
 
51

 
(3,717
)
 
(143
)
 

 
(143
)
 
(3,860
)
Amounts reclassified from AOCI (1)
7,922

 

 
7,922

 
132

 

 
132

 
8,054

Current period other comprehensive income, net
4,154

 
51

 
4,205

 
(11
)
 

 
(11
)
 
4,194

Balance as of September 30, 2017
$
(14,173
)
 
32

 
(14,141
)
 
(312
)
 

 
(312
)
 
(14,453
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Amounts reclassified from AOCI into income are presented within Interest expense, net in the Consolidated Statement of Operations.
 
 
 
 
 
 
 
Controlling Interests
 
Noncontrolling Interests
 
Total
(in thousands)
Cash Flow Hedges
 
Unrealized gain (loss) on Available-For-Sale Debt Securities
 
AOCI
 
Cash Flow Hedges
 
Unrealized gain (loss) on Available-For-Sale Debt Securities
 
AOCI
 
AOCI
Balance as of December 31, 2017
$
(6,262
)
 
(27
)
 
(6,289
)
 
(112
)
 

 
(112
)
 
(6,401
)
Opening adjustment due to change in accounting policy (2)
12

 

 
12

 
2

 

 
2

 
14

Adjusted balance as of January 1, 2018
(6,250
)
 
(27
)
 
(6,277
)
 
(110
)
 

 
(110
)
 
(6,387
)
Other comprehensive income before reclassifications
15,731

 
(51
)
 
15,680

 
780

 

 
780

 
16,460

Amounts reclassified from AOCI (1)
4,663

 

 
4,663

 
38

 

 
38

 
4,701

Current period other comprehensive income, net
20,394

 
(51
)
 
20,343

 
818

 

 
818

 
21,161

Balance as of September 30, 2018
$
14,144

 
(78
)
 
14,066

 
708

 

 
708

 
14,774

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Amounts recelassified from AOCI into income are presented within Interest expense, net in the Consolidated Statement of Operations.
(2) Upon adoption of ASU 2017-12, the Company recognized the immaterial adjustment to opening retained earnings and AOCI for previously recognized hedge ineffectiveness from off-market hedges, as further discussed in note 1.