XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.19.1

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Income (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract] |
Summary of Activity in Accumulated Other Comprehensive Income | The following table sets forth the activity in accumulated other comprehensive income for the three months ended March 31, 2019 and 2018 (in thousands):
|  | Gains or Losses on Derivative Instruments |
Balance at January 1, 2019 |  | $ | 516 |
Other comprehensive loss before reclassifications |  |  | (13,306 | )
Reclassification of realized interest on swap agreements |  |  | (551 | )
Net current period other comprehensive loss |  |  | (13,857 | )
Net current period other comprehensive loss attributable to noncontrolling interests |  |  | 2,320 |
Balance at March 31, 2019 |  | $ | (11,021 | )
Balance at January 1, 2018 |  | $ | 2,614 |
Other comprehensive income before reclassifications |  |  | 5,653 |
Reclassification of realized interest on swap agreements |  |  | 363 |
Net current period other comprehensive income |  |  | 6,016 |
Net current period other comprehensive income attributable to noncontrolling interests |  |  | (1,254 | )
Balance at March 31, 2018 |  | $ | 7,376 |
Summary of Change in Noncontrolling Interest | The following table summarizes the change in the noncontrolling interests for the three months ended March 31, 2019 and 2018 (dollars in thousands):
|  | Noncontrolling Interests in Operating Partnership (a) |  |  | Noncontrolling Interests in Partially-Owned Affiliates (b) |  |  | Total |
Balance at January 1, 2019 |  | $ | 104,223 |  |  | $ | 518,219 |  |  | $ | 622,442 |
Distributions declared of $0.28 per Common OP Unit |  |  | (1,781 | ) |  |  | — |  |  |  | (1,781 | )
Net income (loss) for the three months ended March 31, 2019 |  |  | 931 |  |  |  | (10,192 | ) |  |  | (9,261 | )
Conversion of 174,529 Common OP Units to Common Shares by limited partners of the Operating Partnership |  |  | (2,953 | ) |  |  | — |  |  |  | (2,953 | )
Other comprehensive loss - unrealized loss on valuation of swap agreements |  |  | (694 | ) |  |  | (1,605 | ) |  |  | (2,299 | )
Reclassification of realized interest expense on swap agreements |  |  | (22 | ) |  |  | 1 |  |  |  | (21 | )
Noncontrolling interest contributions |  |  | — |  |  |  | 32,191 |  |  |  | 32,191 |
Noncontrolling interest distributions |  |  | — |  |  |  | (3,237 | ) |  |  | (3,237 | )
Employee Long-term Incentive Plan Unit Awards |  |  | 3,360 |  |  |  | — |  |  |  | 3,360 |
Rebalancing adjustment (c) |  |  | 1,980 |  |  |  | — |  |  |  | 1,980 |
Balance at March 31, 2019 |  | $ | 105,044 |  |  | $ | 535,377 |  |  | $ | 640,421 |
Balance at January 1, 2018 |  | $ | 102,921 |  |  | $ | 545,519 |  |  | $ | 648,440 |
Distributions declared of $0.27 per Common OP Unit |  |  | (1,721 | ) |  |  | — |  |  |  | (1,721 | )
Net income (loss) for the three months ended March 31, 2018 |  |  | 612 |  |  |  | (12,191 | ) |  |  | (11,579 | )
Conversion of 36,126 Common OP Units to Common Shares by limited partners of the Operating Partnership |  |  | (642 | ) |  |  | — |  |  |  | (642 | )
Other comprehensive income - unrealized gain on valuation of swap agreements |  |  | 274 |  |  |  | 886 |  |  |  | 1,160 |
Reclassification of realized interest expense on swap agreements |  |  | 10 |  |  |  | 84 |  |  |  | 94 |
Noncontrolling interest distributions |  |  | — |  |  |  | (695 | ) |  |  | (695 | )
Employee Long-term Incentive Plan Unit Awards |  |  | 3,716 |  |  |  | — |  |  |  | 3,716 |
Rebalancing adjustment (c) |  |  | 1,225 |  |  |  | — |  |  |  | 1,225 |
Balance at March 31, 2018 |  | $ | 106,395 |  |  | $ | 533,603 |  |  | $ | 639,998 |
(a) | Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 3,325,240 and 3,328,873 Common OP Units at March 31, 2019 and March 31, 2018; (ii) 188 Series A Preferred OP Units at March 31, 2019 and March 31, 2018; (iii) 136,593 Series C Preferred OP Units at March 31, 2019 and March 31, 2018; and (iv) 2,726,043 and 2,619,872 LTIP units at March 31, 2019 and March 31, 2018, respectively, as discussed in Share Incentive Plan (). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.
(b) | Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and Mervyns II, and six other subsidiaries.
(c) | Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership (the “Rebalancing”).

X
- Definition Change in noncontrolling interests. + References No definition available. + Details
Name: | akr_ChangeInNoncontrollingInterestsTableTextBlock
Namespace Prefix: | akr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration