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Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership | 3 Months Ended
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Mar. 31, 2019
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 Noncontrolling Interest of the Company The equity positions of various individuals and entities that contributed their properties to the Operating Partnership in exchange for Limited Partner Units, as well as the equity positions of the holders of LTIP Units, are collectively referred to as the “Noncontrolling Interests.” Subject to vesting and other certain exceptions (including the “book-up” requirements of LTIP Units - See Note 9 for additional detail), the holders of Noncontrolling Interests may convert their Units into an equal number of shares of Common Stock, or a cash equivalent, at the Company's election. Net income is allocated to the Noncontrolling Interests based on the weighted average ownership percentage during the period. The following table summarizes the changes in noncontrolling interest for the Company for the three months ended March 31, 2019 and 2018:
| 2019 |  | 2018
Balance as of December 31 | $ | 34,397 |  |  | $ | 48,077 |
Net Income | 537 |  |  | 1,172 |
Amortization of Unearned Compensation related to the Issuance of LTIP Units (A) | 270 |  |  | — |
Other Comprehensive (Loss) Income | (140 | ) |  | 183 |
Unit Distributions | (664 | ) |  | (775 | )
Conversion of Limited Partner Units to Common Stock (B) | — |  |  | (5,009 | )
Retirement of Limited Partner Units (C) | — |  |  | (934 | )
Reallocation - Additional Paid-in-Capital | 3,238 |  |  | 292 |
Reallocation - Other Comprehensive Income | 7 |  |  | — |
Balance as of March 31 | $ | 37,645 |  |  | $ | 43,006 |
_______________ (A) During the three months ended March 31, 2019, 286,986 LTIP Units were issued to certain employees. (B) During the three months ended March 31, 2018, 410,781 Limited Partner Units, were converted into an equivalent number of shares of common stock of the Company. (C) During the three months ended March 31, 2018, 33,333 Limited Partner Units were forfeited by a unitholder and were retired by the Operating Partnership. Noncontrolling Interest of the Operating Partnership The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the three months ended March 31, 2019 and 2018:
| 2019 |  | 2018
Balance as of December 31 | $ | 857 |  |  | $ | 779 |
Net Income | 26 |  |  | 21 |
Contributions | — |  |  | 116 |
Distributions | (43 | ) |  | (21 | )
Balance as of March 31 | $ | 840 |  |  | $ | 895 |
Dividends/Distributions During the three months ended March 31, 2019, we declared $29,922 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://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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