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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2018
Equity [Abstract] |
Activity of Preferred and Common Stock | The table below summarizes the share activities of the Company's preferred and common stock. As a result of the Merger, each outstanding share of Colony's class A and class B common stock was converted into the right to receive 1.4663 shares of the Company's class A and class B common stock, respectively. Accordingly, the Company's common shares outstanding for all periods prior to January 10, 2017 have been adjusted to reflect the Colony exchange ratio of 1.4663.
|  | Number of Shares
(In thousands) |  | Preferred Stock |  | Class A Common Stock |  | Class B Common Stock
Shares outstanding at December 31, 2015 |  | 25,030 |  |  | 163,777 |  |  | 801 |
Repurchase of preferred stock (1) |  | (964 | ) |  | — |  |  | — |
Contribution of preferred stock to an affiliate (1) |  | 964 |  |  | — |  |  | — |
Shares issued upon redemption of OP units |  | — |  |  | 1,370 |  |  | — |
Conversion of class B to class A common stock |  | — |  |  | 31 |  |  | (31 | )
Equity-based compensation, net of forfeitures |  | — |  |  | 1,478 |  |  | — |
Shares canceled for tax withholding on vested stock awards |  | — |  |  | (216 | ) |  | — |
Shares outstanding at December 31, 2016 |  | 25,030 |  |  | 166,440 |  |  | 770 |
Consideration for the Merger (2) |  | 39,466 |  |  | 392,120 |  |  | — |
Issuance of preferred stock |  | 26,400 |  |  | — |  |  | — |
Redemption of preferred stock |  | (25,432 | ) |  | — |  |  | — |
Shares canceled (3) |  | — |  |  | (2,984 | ) |  | — |
Shares issued upon redemption of OP Units |  | — |  |  | 1,684 |  |  | — |
Conversion of class B to class A common stock |  | — |  |  | 34 |  |  | (34 | )
Repurchase of common stock |  | — |  |  | (23,371 | ) |  | — |
Exchange of notes for class A common stock |  | — |  |  | 233 |  |  | — |
Equity-based compensation, net of forfeitures |  | — |  |  | 8,096 |  |  | — |
Redemption of restricted stock units |  | — |  |  | 775 |  |  | — |
Shares canceled for tax withholding on vested stock awards |  | — |  |  | (428 | ) |  | — |
Shares outstanding at December 31, 2017 |  | 65,464 |  |  | 542,599 |  |  | 736 |
Redemption of preferred stock |  | (8,000 | ) |  | — |  |  | — |
Shares issued upon redemption of OP Units (4) |  | — |  |  | 2,074 |  |  | — |
Shares issued for settlement of contingent consideration—Internalization (Note 14) |  | — |  |  | 15 |  |  | 40 |
Conversion of class B to class A common stock |  | — |  |  | 42 |  |  | (42 | )
Repurchase of common stock |  | — |  |  | (61,418 | ) |  |
Equity-based compensation, net of forfeitures |  | — |  |  | 3,394 |  |  | — |
Shares canceled for tax withholding on vested stock awards |  | — |  |  | (3,359 | ) |  | — |
Shares outstanding at December 31, 2018 |  | 57,464 |  |  | 483,347 |  |  | 734 |
__________
(1) | In January 2016, the Company repurchased 963,718 shares in aggregate of its preferred stock for approximately $20.0 million. In March 2016, the Company contributed the preferred stock at its purchase price to an investment vehicle (the "REIT Securities Venture"), which is a joint venture with a private fund managed by the Company. The Company holds an approximate 4.4% interest in the REIT Securities Venture, accounted for under the equity method. The REIT Securities Venture invests in equity of publicly traded U.S. REITs, including securities of the Company.
(2) | Shares were legally issued by the Company, as the surviving combined entity, as consideration for the Merger. However, as the Merger was accounted for as a reverse acquisition, the consideration transferred was measured based upon the number of shares of common stock and preferred stock that Colony, as the accounting acquirer, would theoretically have issued to the shareholders of NSAM and NRF to achieve the same ratio of ownership in the Company upon completion of the Merger (Note 3).
(3) | Represents NRF shares held by NSAM that were canceled upon consummation of the Merger, after giving effect to the exchange ratio.
(4) | Includes 572,567 shares of class A common stock issued upon redemption of an equivalent number of OP Units that were issued for settlement of the contingent consideration in connection with the Internalization (Note 17).
Preferred Stock In the event of a liquidation or dissolution of the Company, preferred stockholders have priority over common stockholders for payment of dividends and distribution of net assets. The table below summarizes the preferred stock issued and outstanding at December 31, 2018:
Description |  | Dividend Rate Per Annum |  | Initial Issuance Date |  | Shares Outstanding (in thousands) |  | Par Value (in thousands) |  | Liquidation Preference (in thousands) |  | Earliest Redemption Date
Series B |  | 8.25 | % |  | February 2007 (1) |  | 6,114 |  |  | $ | 61 |  |  | $ | 152,855 |  |  | Currently redeemable
Series E |  | 8.75 | % |  | May 2014 (1) |  | 10,000 |  |  | 100 |  |  | 250,000 |  |  | May 15, 2019
Series G |  | 7.5 | % |  | June 2014 (1) |  | 3,450 |  |  | 35 |  |  | 86,250 |  |  | June 19, 2019
Series H |  | 7.125 | % |  | April 2015 (1) |  | 11,500 |  |  | 115 |  |  | 287,500 |  |  | April 13, 2020
Series I |  | 7.15 | % |  | June 2017 |  | 13,800 |  |  | 138 |  |  | 345,000 |  |  | June 5, 2022
Series J |  | 7.125 | % |  | September 2017 |  | 12,600 |  |  | 126 |  |  | 315,000 |  |  | September 22, 2022
|  |  |  |  |  | 57,464 |  |  | $ | 575 |  |  | $ | 1,436,605 |  |  |
__________
(1) | Represents initial issuance date pre-Merger by NRF or Colony, as applicable.
Components of Accumulated Other Comprehensive Income (Loss) Attributable to Stockholders | The following tables present the changes in each component of AOCI attributable to stockholders and noncontrolling interests in investment entities, net of immaterial tax effect. AOCI attributable to noncontrolling interests in Operating Company is immaterial. Changes in Components of AOCI—Stockholders
(In thousands) |  | Company's Share in AOCI of Equity Method Investments |  | Unrealized Gain (Loss) on Securities |  | Unrealized Gain (Loss) on Cash Flow Hedges |  | Foreign Currency Translation Gain (Loss) |  | Unrealized Gain (Loss) on Net Investment Hedges |  | Total
AOCI at December 31, 2015 |  | $ | — |  |  | $ | — |  |  | $ | (245 | ) |  | $ | (42,125 | ) |  | $ | 23,948 |  |  | $ | (18,422 | )
Other comprehensive income (loss) before reclassifications |  | 131 |  |  | (112 | ) |  | 7 |  |  | (34,234 | ) |  | 21,123 |  |  | (13,085 | )
Amounts reclassified from AOCI |  | (46 | ) |  | — |  |  | 197 |  |  | (67 | ) |  | (686 | ) |  | (602 | )
AOCI at December 31, 2016 |  | $ | 85 |  |  | $ | (112 | ) |  | $ | (41 | ) |  | $ | (76,426 | ) |  | $ | 44,385 |  |  | $ | (32,109 | )
Other comprehensive income (loss) before reclassifications |  | 5,450 |  |  | (22,014 | ) |  | 41 |  |  | 124,846 |  |  | (68,581 | ) |  | 39,742 |
Amounts reclassified from AOCI |  | 81 |  |  | 36,544 |  |  | — |  |  | (2,489 | ) |  | 5,547 |  |  | 39,683 |
AOCI at December 31, 2017 |  | $ | 5,616 |  |  | $ | 14,418 |  |  | $ | — |  |  | $ | 45,931 |  |  | $ | (18,649 | ) |  | $ | 47,316 |
Cumulative effect of adoption of new accounting pronouncements |  | (202 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (202 | )
Other comprehensive income (loss) before reclassifications |  | (1,785 | ) |  | (16,238 | ) |  | (91 | ) |  | (46,183 | ) |  | 34,113 |  |  | (30,184 | )
Amounts reclassified from AOCI |  | — |  |  | (3,951 | ) |  | — |  |  | 6,870 |  |  | (8,446 | ) |  | (5,527 | )
Deconsolidation of N-Star CDO |  | — |  |  | 2,596 |  |  | — |  |  | — |  |  | — |  |  | 2,596 |
AOCI at December 31, 2018 |  | $ | 3,629 |  |  | $ | (3,175 | ) |  | $ | (91 | ) |  | $ | 6,618 |  |  | $ | 7,018 |  |  | $ | 13,999 |
Changes in Components of AOCI—Noncontrolling Interests in Investment Entities
(In thousands) |  | Unrealized Gain (Loss) on Securities |  | Unrealized Gain (Loss) on Cash Flow Hedges |  | Foreign Currency Translation Gain (Loss) |  | Unrealized Gain (Loss) on Net Investment Hedges |  | Total
AOCI at December 31, 2015 |  | $ | — |  |  | $ | (149 | ) |  | $ | 51 |  |  | $ | (1 | ) |  | $ | (99 | )
Other comprehensive income (loss) before reclassifications |  | (527 | ) |  | — |  |  | (56,479 | ) |  | 12,669 |  |  | (44,337 | )
Amounts reclassified from AOCI |  | — |  |  | 149 |  |  | (785 | ) |  | (870 | ) |  | (1,506 | )
AOCI at December 31, 2016 |  | $ | (527 | ) |  | $ | — |  |  | $ | (57,213 | ) |  | $ | 11,798 |  |  | $ | (45,942 | )
Other comprehensive income (loss) before reclassifications |  | 981 |  |  | — |  |  | 97,840 |  |  | (10,659 | ) |  | 88,162 |
Amounts reclassified from AOCI |  | (454 | ) |  | — |  |  | (1,679 | ) |  | 1,988 |  |  | (145 | )
AOCI at December 31, 2017 |  | $ | — |  |  | — |  |  | $ | 38,948 |  |  | $ | 3,127 |  |  | $ | 42,075 |
Other comprehensive income (loss) before reclassifications |  | — |  |  | (390 | ) |  | (39,621 | ) |  | 8,696 |  |  | (31,315 | )
Amounts reclassified from AOCI |  | — |  |  | — |  |  | 73 |  |  | (2,179 | ) |  | (2,106 | )
AOCI at December 31, 2018 |  | $ | — |  |  | $ | (390 | ) |  | $ | (600 | ) |  | $ | 9,644 |  |  | $ | 8,654 |
Reclassification out of Accumulated Other Comprehensive Income | Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below:
(In thousands) |  | Year Ended December 31, |  | Affected Line Item in the Consolidated Statements of Operations
Component of AOCI reclassified into earnings |  | 2018 |  | 2017 |  | 2016 |
Realized gain (loss) on marketable securities |  | $ | 10,100 |  |  | $ | (5,285 | ) |  | $ | 46 |  |  | Other gain (loss), net
Other-than-temporary impairment and write-offs of securities |  | (6,149 | ) |  | (31,259 | ) |  | — |  |  | Other gain (loss), net
Deconsolidation of N-Star CDO |  | (2,596 | ) |  | — |  | — |  | — |  |  | Other gain (loss), net
Unrealized gain on ineffective cash flow hedge |  | — |  |  | — |  |  | (197 | ) |  | Other gain (loss), net
Release of cumulative translation adjustments |  | (6,870 | ) |  | 2,489 |  |  | 67 |  |  | Other gain (loss), net
Unrealized gain (loss) on dedesignated net investment hedges |  | 1,454 |  |  | (1,829 | ) |  | 634 |  |  | Other gain (loss), net
Realized gain (loss) on net investment hedges |  | 6,992 |  |  | (3,718 | ) |  | 52 |  |  | Other gain (loss), net
Release of equity in AOCI of unconsolidated ventures |  | — |  |  | (81 | ) |  | — |  |  | Earnings from investments in unconsolidated ventures

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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644 Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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