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Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership | 9 Months Ended
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Sep. 30, 2017
Stockholders' Equity Note [Abstract] |
Stockholders' Equity of the Company and Partners' Capital of the Operating Partnership | Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership Issuance of Shares of Common Stock During the nine months ended September 30, 2017, the Company issued 2,560,000 shares of the Company's common stock in an underwritten public offering. Proceeds to the Company, net of the underwriter's discount, were $74,880. The proceeds were contributed to the Operating Partnership in exchange for General Partner Units and are reflected in the financial statements as a general partner contribution. Increased Authorized Shares of Common Stock On May 11, 2017, we filed an amendment to the Company’s articles of incorporation, increasing the number of shares of the Company’s common stock authorized for issuance from 150 million to 225 million shares. Noncontrolling Interest of the Company The following table summarizes the changes in noncontrolling interest for the Company for the nine months ended September 30, 2017 and 2016:
| 2017 |  | 2016
Balance as of December 31 | $ | 43,184 |  |  | $ | 42,035 |
Net Income | 3,531 |  |  | 3,635 |
Unit Distributions | (2,544 | ) |  | (2,436 | )
Other Comprehensive Income | 51 |  |  | (449 | )
Conversion of Limited Partner Units to Common Stock (A) | (39 | ) |  | (819 | )
Reallocation - Additional Paid-in-Capital | 1,569 |  |  | 2,489 |
Reallocation - Other Comprehensive Income | 3 |  |  | — |
Balance as of September 30 | $ | 45,755 |  |  | $ | 44,455 |
(A) For the nine months ended September 30, 2017 and 2016, 3,437 and 76,674 Limited Partner Units, respectively, were converted into an equivalent number of shares of common stock of the Company, resulting in a reclassification of $39 and $819, respectively, of noncontrolling interest to the Company’s stockholders’ equity. Noncontrolling Interest of the Operating Partnership The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the nine months ended September 30, 2017 and 2016:
| 2017 |  | 2016
Balance as of December 31 | $ | 956 |  |  | $ | 1,096 |
Net Income | 96 |  |  | 112 |
Contributions | 29 |  |  | 114 |
Distributions | (284 | ) |  | (264 | )
Balance as of September 30 | $ | 797 |  |  | $ | 1,058 |
Dividends/Distributions During the nine months ended September 30, 2017, we declared $77,923 common stock dividends and Unit distributions.

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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 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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