XML 36 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of marketable securities
As of September 30, 2017 and December 31, 2016, marketable securities consist of the following ($ in thousands):

 
September 30, 2017
 
Amortized
Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Available for sale:
 
 
 
 
 
Investment-grade unsecured bonds
$
4,450

 
$
(14
)
 
$
4,436

Investment funds - debt securities
28,067

 
146

 
28,213

Investment funds - U.S. treasuries
10,910

 
(29
)
 
10,881

Common stock and stock funds
33,816

 
1,687

 
35,503

Held to maturity:
 

 
 

 
 

Mortgage backed securities
105,541

 
—

 
105,541

Total - Marketable securities
$
182,784

 
$
1,790

 
$
184,574

 
 
 
 
 
 
 
December 31, 2016
 
Amortized
Cost
 
Gross
Unrealized
Gain (Loss)
 
Carrying Value
Available for sale:
 

 
 

 
 

Investment funds - debt securities
$
19,604

 
$
(73
)
 
$
19,531

Investment funds - U.S. treasuries
10,022

 
(22
)
 
10,000

Common stock and stock funds
13,696

 
1,569

 
15,265

Held to maturity:
 

 
 

 
 

Mortgage backed securities
94,393

 
—

 
94,393

Total - Marketable securities
$
137,715

 
$
1,474

 
$
139,189
Changes in accumulated other comprehensive income (loss)
Changes in Accumulated Other Comprehensive Loss, Net by Component

Essex Property Trust, Inc.
($ in thousands)
 
Change in fair
value and amortization
of swap settlements
 
Unrealized
gains/(losses) on
available for sale
securities
 
Total
Balance at December 31, 2016
$
(32,963
)
 
$
865

 
$
(32,098
)
Other comprehensive income before reclassification
13,512

 
1,902

 
15,414

Amounts reclassified from accumulated other comprehensive loss
(6,352
)
 
(1,596
)
 
(7,948
)
Other comprehensive income
7,160

 
306

 
7,466

Balance at September 30, 2017
$
(25,803
)
 
$
1,171

 
$
(24,632
)

Changes in Accumulated Other Comprehensive Loss, by Component

Essex Portfolio, L.P.
($ in thousands):
 
Change in fair
value and amortization
of swap settlements
 
Unrealized
gains/(losses) on
available for sale
securities
 
Total
Balance at December 31, 2016
$
(30,161
)
 
$
813

 
$
(29,348
)
Other comprehensive income before reclassification
13,974

 
1,966

 
15,940

Amounts reclassified from accumulated other comprehensive loss
(6,569
)
 
(1,650
)
 
(8,219
)
Other comprehensive income
7,405

 
316

 
7,721

Balance at September 30, 2017
$
(22,756
)
 
$
1,129

 
$
(21,627
)
Schedule of changes to the redemption value of noncontrolling interests
The changes to the redemption value of redeemable noncontrolling interests for the nine months ended September 30, 2017 is as follows ($ in thousands):
Balance at December 31, 2016
$
44,684

Reclassification due to change in redemption value and other
903

Redemptions
(5,543
)
Balance at September 30, 2017
$
40,044