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Equity and Capital
 3 Months Ended
Mar. 31, 2019
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 three months ended March 31, 2019 or 2018. As of March 31, 2019, 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. In January 2019, the Company settled 563,229 shares, repurchased in December 2018, for $32.8 million at an average price of $58.17 per share, under this repurchase program. The program was scheduled to expire on February 6, 2020; however, the program was closed upon the authorization by the Company's Board of a new share repurchase program, as further discussed below.
On February 5, 2019, the Company's Board authorized a new common share repurchase program under which the Company, may purchase, from time to time, up to a maximum of $250 million 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 set to expire on February 4, 2020. The timing and actual number of shares purchased under the program depend upon marketplace conditions and other factors. The program remains subject to the discretion of the Board. Through March 31, 2019, no shares have been repurchased under this new program.
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 Income (Loss) ("AOCI")
The following tables present changes in the balances of each component of AOCI:
 
Controlling Interests
 
Noncontrolling Interests
 
Total
 
Cash Flow Hedges
 
Unrealized gain (loss) on Available-For-Sale Debt Securities
 
AOCI
 
Cash Flow Hedges
 
AOCI
 
AOCI
Balance as of December 31, 2018
$
(805
)
 
(122
)
 
(927
)
 
189

 
189

 
(738
)
Other comprehensive income before reclassifications
(5,154
)
 
137

 
(5,017
)
 
(335
)
 
(335
)
 
(5,352
)
Amounts reclassified from AOCI (1)
(152
)
 
—

 
(152
)
 
(24
)
 
(24
)
 
(176
)
Current period other comprehensive income, net
(5,306
)
 
137

 
(5,169
)
 
(359
)
 
(359
)
 
(5,528
)
Balance as of March 31, 2019
$
(6,111
)
 
15

 
(6,096
)
 
(170
)
 
(170
)
 
(6,266
)
 
 
 
 
 
 
 
 
 
 
 
 
(1)  Amounts reclassified from AOCI into income are presented within Interest expense, net in the Consolidated Statements 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
 
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
9,003

 
(119
)
 
8,884

 
502

 
502

 
9,386

Amounts reclassified from AOCI (1)
2,157

 
—

 
2,157

 
(19
)
 
(19
)
 
2,138

Current period other comprehensive income, net
11,160

 
(119
)
 
11,041

 
483

 
483

 
11,524

Balance as of March 31, 2018
$
4,910

 
(146
)
 
4,764

 
373

 
373

 
5,137

 
 
 
 
 
 
 
 
 
 
 
 
(1) Amounts reclassified 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.