| Comprehensive Income |
Comprehensive Income Accumulated Other Comprehensive Income of the Company Comprehensive income of the Company includes all changes in redeemable noncontrolling interests and total equity during the period, except those resulting from investments by shareholders and partners, distributions to shareholders and partners and redemption valuation adjustments. OCI/L includes changes in unrealized gains (losses) on available-for-sale securities and interest rate hedge agreements. The changes in the components of AOCI for the three months ended June 30, 2014 and 2013 are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Redeemable Noncontrolling Interests | | The Company | | Noncontrolling Interests | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, April 1, 2014 | $ | 390 |
| | $ | 329 |
| | $ | (872 | ) | | $ | 8,626 |
| | $ | (3,245 | ) | | $ | 1,821 |
| | $ | 7,049 |
| OCI before reclassifications | 3 |
| | 22 |
| | 866 |
| | 1,590 |
| | 52 |
| | (417 | ) | | 2,116 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (551 | ) | | — |
| | — |
| | — |
| | (551 | ) | Net current quarterly period OCI | 3 |
| | 22 |
| | 315 |
| | 1,590 |
| | 52 |
| | (417 | ) | | 1,565 |
| Ending balance, June 30, 2014 | $ | 393 |
| | $ | 351 |
| | $ | (557 | ) | | $ | 10,216 |
| | $ | (3,193 | ) | | $ | 1,404 |
| | $ | 8,614 |
|
(1) Reclassified $551 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Redeemable Noncontrolling Interests | | The Company | | Noncontrolling Interests | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, April 1, 2013 | $ | 376 |
| | $ | 360 |
| | $ | (2,527 | ) | | $ | 10,377 |
| | $ | (3,519 | ) | | $ | 2,385 |
| | $ | 7,452 |
| OCI before reclassifications | (4 | ) | | 4 |
| | 115 |
| | 452 |
| | (77 | ) | | 62 |
| | 552 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (562 | ) | | — |
| | — |
| | — |
| | (562 | ) | Net current quarterly period OCI | (4 | ) | | 4 |
| | (447 | ) | | 452 |
| | (77 | ) | | 62 |
| | (10 | ) | Ending balance, June 30, 2013 | $ | 372 |
| | $ | 364 |
| | $ | (2,974 | ) | | $ | 10,829 |
| | $ | (3,596 | ) | | $ | 2,447 |
| | $ | 7,442 |
|
| | (1) | Reclassified $562 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations. |
The changes in the components of AOCI for the six months ended June 30, 2014 and 2013 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Redeemable Noncontrolling Interests | | The Company | | Noncontrolling Interests | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, January 1, 2014 | $ | 387 |
| | $ | 333 |
| | $ | (1,214 | ) | | $ | 7,539 |
| | $ | (3,304 | ) | | $ | 1,903 |
| | $ | 5,644 |
| OCI before reclassifications | 6 |
| | 18 |
| | 1,756 |
| | 2,677 |
| | 111 |
| | (499 | ) | | 4,069 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (1,099 | ) | | — |
| | — |
| | — |
| | (1,099 | ) | Net current quarterly period OCI | 6 |
| | 18 |
| | 657 |
| | 2,677 |
| | 111 |
| | (499 | ) | | 2,970 |
| Ending balance, June 30, 2014 | $ | 393 |
| | $ | 351 |
| | $ | (557 | ) | | $ | 10,216 |
| | $ | (3,193 | ) | | $ | 1,404 |
| | $ | 8,614 |
|
(1) Reclassified $1,099 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Redeemable Noncontrolling Interests | | The Company | | Noncontrolling Interests | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, January 1, 2013 | $ | 373 |
| | $ | 353 |
| | $ | (2,756 | ) | | $ | 9,742 |
| | $ | (3,563 | ) | | $ | 2,263 |
| | $ | 6,412 |
| OCI before reclassifications | (1 | ) | | 11 |
| | 901 |
| | 1,087 |
| | (33 | ) | | 184 |
| | 2,149 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (1,119 | ) | | — |
| | — |
| | — |
| | (1,119 | ) | Net current quarterly period OCI | (1 | ) | | 11 |
| | (218 | ) | | 1,087 |
| | (33 | ) | | 184 |
| | 1,030 |
| Ending balance, June 30, 2013 | $ | 372 |
| | $ | 364 |
| | $ | (2,974 | ) | | $ | 10,829 |
| | $ | (3,596 | ) | | $ | 2,447 |
| | $ | 7,442 |
|
| | (1) | Reclassified $1,119 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations. |
Accumulated Other Comprehensive Income of the Operating Partnership Comprehensive income of the Operating Partnership includes all changes in redeemable common units and partners' capital during the period, except those resulting from investments by unitholders, distributions to unitholders and redemption valuation adjustments. OCI/L includes changes in unrealized gains (losses) on available-for-sale securities and interest rate hedge agreements. The changes in the components of AOCI for the three months ended June 30, 2014 and 2013 are as follows:
| | | | | | | | | | | | | | | | | | | | | | Redeemable Common Units | | Partners' Capital | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, April 1, 2014 | $ | 390 |
| | $ | 329 |
| | $ | (4,116 | ) | | $ | 10,447 |
| | $ | 7,050 |
| OCI before reclassifications | 3 |
| | 22 |
| | 916 |
| | 1,173 |
| | 2,114 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (551 | ) | | — |
| | (551 | ) | Net current quarterly period OCI | 3 |
| | 22 |
| | 365 |
| | 1,173 |
| | 1,563 |
| Ending balance, June 30, 2014 | $ | 393 |
| | $ | 351 |
| | $ | (3,751 | ) | | $ | 11,620 |
| | $ | 8,613 |
|
| | | | | | | | | | | | | | | | | | | | | | Redeemable Common Units | | Partners' Capital | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, April 1, 2013 | $ | 376 |
| | $ | 360 |
| | $ | (6,046 | ) | | $ | 12,762 |
| | $ | 7,452 |
| OCI before reclassifications | (4 | ) | | 4 |
| | 38 |
| | 514 |
| | 552 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (562 | ) | | — |
| | (562 | ) | Net current quarterly period OCI | (4 | ) | | 4 |
| | (524 | ) | | 514 |
| | (10 | ) | Ending balance, June 30, 2013 | $ | 372 |
| | $ | 364 |
| | $ | (6,570 | ) | | $ | 13,276 |
| | $ | 7,442 |
|
| | (1) | Reclassified $562 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations. |
The changes in the components of AOCI for the six months ended June 30, 2014 and 2013 are as follows:
| | | | | | | | | | | | | | | | | | | | | | Redeemable Common Units | | Partners' Capital | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, January 1, 2014 | $ | 387 |
| | $ | 333 |
| | $ | (4,518 | ) | | $ | 9,442 |
| | $ | 5,644 |
| OCI before reclassifications | 6 |
| | 18 |
| | 1,866 |
| | 2,178 |
| | 4,068 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (1,099 | ) | | — |
| | (1,099 | ) | Net current quarterly period OCI | 6 |
| | 18 |
| | 767 |
| | 2,178 |
| | 2,969 |
| Ending balance, June 30, 2014 | $ | 393 |
| | $ | 351 |
| | $ | (3,751 | ) | | $ | 11,620 |
| | $ | 8,613 |
|
| | (1) | Reclassified $1,099 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations. |
| | | | | | | | | | | | | | | | | | | | | | Redeemable Common Units | | Partners' Capital | | | | Unrealized Gains (Losses) | | | | Hedging Agreements | | Available-for-Sale Securities | | Hedging Agreements | | Available-for-Sale Securities | | Total | Beginning balance, January 1, 2013 | $ | 373 |
| | $ | 353 |
| | $ | (6,319 | ) | | $ | 12,005 |
| | $ | 6,412 |
| OCI before reclassifications | (1 | ) | | 11 |
| | 868 |
| | 1,271 |
| | 2,149 |
| Amounts reclassified from AOCI (1) | — |
| | — |
| | (1,119 | ) | | — |
| | (1,119 | ) | Net current quarterly period OCI | (1 | ) | | 11 |
| | (251 | ) | | 1,271 |
| | 1,030 |
| Ending balance, June 30, 2013 | $ | 372 |
| | $ | 364 |
| | $ | (6,570 | ) | | $ | 13,276 |
| | $ | 7,442 |
|
| | (1) | Reclassified $1,119 of interest on cash flow hedges to Interest Expense in the condensed consolidated statements of operations. |
|