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Equity and Capital | 6 Months Ended
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Jun. 30, 2016
Equity and Capital [Abstract] |
Equity and Capital | Equity and Capital Common Stock of the Parent Company Issuances: At the Market ("ATM") Program The current ATM equity offering program authorizes the Parent Company to sell up to $200 million of common stock at prices determined by the market at the time of sale. As of June 30, 2016, $70.8 million of common stock remained available for issuance under this ATM equity program. There were no shares issued under the ATM equity program during the three months ended June 30, 2016 or 2015. The following table presents the shares that were issued under the ATM equity program during the six months ended June 30, 2016 and 2015:
|  | Six months ended June 30,
(dollar amounts are in thousands, except price per share data) |  | 2016 |  | 2015
Shares issued (1) |  | 182,787 |  |  | 18,125 |
Weighted average price per share |  | $ | 68.85 |  |  | 64.72 |
Gross proceeds |  | $ | 12,584 |  |  | 1,173 |
Commissions |  | $ | 157 |  |  | 15 |
(1) Reflects shares traded in December and settled in January each year.
Forward Equity Offering In March 2016, the Parent Company entered into a forward sale agreement (the "Forward Equity Offering") with respect to 3.10 million shares of its common stock at an offering price of $75.25 per share before any underwriting discount and offering expenses. In June 2016, the Parent Company partially settled its forward equity offering by delivering 1.85 million shares of newly issued common stock, receiving $137.5 million of net proceeds, which were used to repay the Line balance created from the acquisition of Market Common Clarendon. The remaining 1.25 million shares may be settled under the forward sale agreement prior to June 23, 2017. Equity Offering - Subsequent Event Subsequent to June 30, 2016, the Parent Company issued 5.0 million shares of common stock at $79.78 per share resulting in net proceeds of $400.1 million, used to (i) redeem, in August, the entire $300 million of 5.875% senior unsecured notes due June 15, 2017, including a make-whole payment, (ii) settle forward interest rate swaps, and (iii) fund investment activities, and for general corporate purposes. The Parent Company agreed to a 60 day lock-up period, whereby it will not sell any shares of its common stock or any other derived form of transferring ownership of the company, except with respect to the 1.25 million shares that may be settled under the forward equity offering. Common Units of the Operating Partnership Issuances: Common units were issued to the Parent Company in relation to the Parent Company's issuance of common stock, as discussed above. Accumulated Other Comprehensive Loss The following tables present changes in the balances of each component of AOCI:
| Controlling Interest |  | Noncontrolling Interest |  | Total
(in thousands) | Cash Flow Hedges |  | Unrealized gain (loss) on Available-For-Sale Securities |  | AOCI |  | Cash Flow Hedges |  | Unrealized gain (loss) on Available-For-Sale Securities |  | AOCI |  | AOCI
Balance as of December 31, 2014 | $ | (57,748 | ) |  | — |  |  | (57,748 | ) |  | (750 | ) |  | — |  |  | (750 | ) |  | (58,498 | )
Other comprehensive income before reclassifications | 4,558 |  |  | (30 | ) |  | 4,528 |  |  | (64 | ) |  |  |  | (64 | ) |  | 4,464 |
Amounts reclassified from accumulated other comprehensive income | 4,421 |  |  | — |  |  | 4,421 |  |  | 79 |  |  | — |  |  | 79 |  |  | 4,500 |
Current period other comprehensive income, net | 8,979 |  |  | (30 | ) |  | 8,949 |  |  | 15 |  |  | — |  |  | 15 |  |  | 8,964 |
Balance as of June 30, 2015 | $ | (48,769 | ) |  | (30 | ) |  | (48,799 | ) |  | (735 | ) |  | — |  |  | (735 | ) |  | (49,534 | )
| Controlling Interest |  | Noncontrolling Interest |  | Total
(in thousands) | Cash Flow Hedges |  | Unrealized gain (loss) on Available-For-Sale Securities |  | AOCI |  | Cash Flow Hedges |  | Unrealized gain (loss) on Available-For-Sale Securities |  | AOCI |  | AOCI
Balance as of December 31, 2015 | $ | (58,650 | ) |  | (43 | ) |  | (58,693 | ) |  | (785 | ) |  | — |  |  | (785 | ) |  | (59,478 | )
Other comprehensive income before reclassifications | (26,256 | ) |  | 37 |  |  | (26,219 | ) |  | (375 | ) |  | — |  |  | (375 | ) |  | (26,594 | )
Amounts reclassified from accumulated other comprehensive income | 4,874 |  |  | — |  |  | 4,874 |  |  | 78 |  |  | — |  |  | 78 |  |  | 4,952 |
Current period other comprehensive income, net | (21,382 | ) |  | 37 |  |  | (21,345 | ) |  | (297 | ) |  | — |  |  | (297 | ) |  | (21,642 | )
Balance as of June 30, 2016 | $ | (80,032 | ) |  | (6 | ) |  | (80,038 | ) |  | (1,082 | ) |  | — |  |  | (1,082 | ) |  | (81,120 | )
The following represents amounts reclassified out of AOCI into income:
AOCI Component | Amount Reclassified from AOCI into income |  | Affected Line Item Where Net Income is Presented
| Three months ended June 30, |  | Six months ended June 30, |  |
(in thousands) | 2016 |  | 2015 |  | 2016 |  | 2015 |  |
Interest rate swaps | $ | 2,500 |  |  | 2,250 |  |  | $ | 4,952 |  |  | 4,500 |  |  | Interest expense

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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