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Equity and Capital | 9 Months Ended
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Sep. 30, 2019
Equity And Capital [Abstract] |
Equity and Capital |
9. | 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. During September 2019, the Company entered into forward sale agreements under its ATM program through which the Company will issue 1,894,845 shares of its common stock at an average offering price of $67.99. The shares under the forward sales agreements may be settled at any time before the settlement date, which is September 12, 2020. No shares have been settled at September 30, 2019. Proceeds from the issuance of shares are expected to be used to fund acquisitions of operating properties, to fund developments and redevelopments, and for general corporate purposes. There were no shares issued under the ATM equity program during the nine months ended September 30, 2018. As of September 30, 2019, $500.0 million of common stock remained available for issuance under this ATM equity program, before settlement of the forward shares described above. Share Repurchase Program On February 5, 2019, the Company's Board authorized a 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 September 30, 2019, no shares have been repurchased under this program. The Company settled, in January 2019, 563,229 shares, which were repurchased in December 2018 under a previously active repurchase program, for $32.8 million at an average price of $58.17 per share. The program closed in February 2019. 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. In September 2019, the Operating Partnership issued 396,531 exchangeable operating partnership units, valued at $25.9 million, as partial purchase price consideration for the acquisition of an operating shopping center. Accumulated Other Comprehensive Income (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 |  |  | AOCI |
Balance as of December 31, 2018 |  | $ | (805 | ) |  |  | (122 | ) |  |  | (927 | ) |  |  | 189 |  |  |  | (738 | )
Other comprehensive loss before reclassifications |  |  | (17,448 | ) |  |  | 429 |  |  |  | (17,019 | ) |  |  | (1,119 | ) |  |  | (18,138 | )
Amounts reclassified from AOCI (1) |  |  | 2,142 |  |  |  | — |  |  |  | 2,142 |  |  |  | (57 | ) |  |  | 2,085 |
Current period other comprehensive loss, net |  |  | (15,306 | ) |  |  | 429 |  |  |  | (14,877 | ) |  |  | (1,176 | ) |  |  | (16,053 | )
Balance as of September 30, 2019 |  | $ | (16,111 | ) |  |  | 307 |  |  |  | (15,804 | ) |  |  | (987 | ) |  |  | (16,791 | )
(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 |
Balance as of December 31, 2017 |  | $ | (6,262 | ) |  |  | (27 | ) |  |  | (6,289 | ) |  |  | (112 | ) |  |  | (6,401 | )
Opening adjustment due to change in accounting policy (2) |  |  | 12 |  |  |  | — |  |  |  | 12 |  |  |  | 2 |  |  |  | 14 |
Adjusted balance as of January 1, 2018 |  |  | (6,250 | ) |  |  | (27 | ) |  |  | (6,277 | ) |  |  | (110 | ) |  |  | (6,387 | )
Other comprehensive income before reclassifications |  |  | 15,731 |  |  |  | (51 | ) |  |  | 15,680 |  |  |  | 780 |  |  |  | 16,460 |
Amounts reclassified from AOCI (1) |  |  | 4,663 |  |  |  | — |  |  |  | 4,663 |  |  |  | 38 |  |  |  | 4,701 |
Current period other comprehensive income, net |  |  | 20,394 |  |  |  | (51 | ) |  |  | 20,343 |  |  |  | 818 |  |  |  | 21,161 |
Balance as of September 30, 2018 |  | $ | 14,144 |  |  |  | (78 | ) |  |  | 14,066 |  |  |  | 708 |  |  |  | 14,774 |
(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.

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- Definition Equity and capital. + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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