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v3.20.1

Consolidated Statements of Changes In Equity - USD ($) $ in Thousands | Total | Common Stock | Paid-in Capital | Distributions in Excess of Accumulated Earnings | Accumulated Other Comprehensive Income (Loss) | Non-controlling interests – Common OP Units
--- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2018 | $ 1,193,344 | $ 1,792 | $ 1,328,495 | $ (211,034) | $ 2,299 | $ 71,792
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Exchange of Common OP Units for Common Stock | 0 |  | 66 |  |  | (66)
Issuance of Common Stock through exercise of options | 53 |  | 53 |  |  |
Issuance of Common Stock through employee stock purchase plan | 652 |  | 652 |  |  |
Compensation expenses related to restricted stock and stock options | 2,420 |  | 2,420 |  |  |
Repurchase of Common Stock or Common OP Units | (53) |  | (53) |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership | 0 |  | (56) |  |  | 56
Adjustment for fair market value of swap | (931) |  |  |  | (931) |
Consolidated net income | 120,535 |  |  | 113,309 |  | 7,226
Distributions | (58,639) |  |  | (55,123) |  | (3,516)
Other | (63) |  | (63) |  |  |
Ending balance at Mar. 31, 2019 | 1,257,318 | 1,792 | 1,331,514 | (152,848) | 1,368 | 75,492
Beginning balance at Dec. 31, 2019 | 1,321,888 | 1,812 | 1,402,696 | (154,318) | (380) | 72,078
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Adjustment for fair market value of swap | (1,333) |  |  |  |  |
Ending balance at Mar. 31, 2020 | 1,320,907 | 1,812 | 1,402,514 | (153,703) | (1,713) | 71,997
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Cumulative effect of change in accounting principle (ASU 2016-13, Financial Instruments - Credit Losses (Topic 326)) | (3,875) |  |  | (3,875) |  |
Beginning balance at Jan. 01, 2020 | 1,318,013 | 1,812 | 1,402,696 | (158,193) | (380) | 72,078
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Exchange of Common OP Units for Common Stock | 0 |  | 63 |  |  | (63)
Issuance of Common Stock through employee stock purchase plan | 619 |  | 619 |  |  |
Compensation expenses related to restricted stock and stock options | 2,964 |  | 2,964 |  |  |
Repurchase of Common Stock or Common OP Units | (3,962) |  | (3,962) |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership | 0 |  | 277 |  |  | (277)
Adjustment for fair market value of swap | (1,333) |  |  |  | (1,333) |
Consolidated net income | 70,724 |  |  | 66,875 |  | 3,849
Distributions | (65,975) |  |  | (62,385) |  | (3,590)
Other | (143) |  | (143) |  |  |
Ending balance at Mar. 31, 2020 | $ 1,320,907 | $ 1,812 | $ 1,402,514 | $ (153,703) | $ (1,713) | $ 71,997

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