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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Activity of Preferred and Common Stock
The table below summarizes the share activities of the Company's preferred stock and common stock.
Number of Shares
(In thousands)Preferred Stock
Class A
Common Stock
Class B
Common Stock
Shares outstanding at December 31, 202135,340 142,144 166 
Exchange of notes for class A common stock— 6,389 — 
Equity awards issued, net of forfeitures— 1,248 — 
Shares canceled for tax withholding on vested equity awards— (411)— 
Shares outstanding at March 31, 202235,340 149,370 166 
Shares outstanding at December 31, 202233,111 159,763 166 
Stock repurchases(3)— — 
Equity awards issued, net of forfeitures— 2,486 — 
Shares canceled for tax withholding on vested equity awards— (415)— 
Shares outstanding at March 31, 202333,108 161,834 166 
The table below summarizes the preferred stock issued and outstanding at March 31, 2023:
DescriptionDividend Rate Per AnnumInitial Issuance Date
Shares Outstanding
(in thousands)
Par Value
(in thousands)
Liquidation Preference
(in thousands)
Earliest Redemption Date
Series H7.125 %April 20158,429 $84 $210,731 Currently redeemable
Series I7.15 %June 201712,988 130 324,710 Currently redeemable
Series J7.125 %September 201711,691 117 292,270 Currently redeemable
33,108 $331 $827,711 
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 InvestmentsUnrealized Gain (Loss) on AFS Debt Securities
Foreign Currency Translation Gain (Loss)
Unrealized Gain (Loss) on Net Investment Hedges
Total
AOCI at December 31, 2021$2,334 $5,861 $26,502 $7,686 $42,383 
Other comprehensive income (loss) before reclassifications217 — (3,131)25 (2,889)
Amounts reclassified from AOCI(200)(5,861)(20,680)— (26,741)
AOCI at March 31, 2022$2,351 $— $2,691 $7,711 $12,753 
AOCI at December 31, 2022$(295)$— $(1,214)$— $(1,509)
Other comprehensive income (loss) before reclassifications(1)— 787 — 786 
Amounts reclassified from AOCI296 — (1,051)— (755)
AOCI at March 31, 2023$— $— $(1,478)$— $(1,478)
Changes in Components of AOCI—Noncontrolling Interests in Investment Entities
(In thousands)Foreign Currency Translation Gain (Loss)
AOCI at December 31, 2021$11,057 
Other comprehensive loss before reclassifications(2,184)
Amounts reclassified from AOCI(9,827)
AOCI at March 31, 2022$(954)
AOCI at December 31, 2022$(3,015)
Other comprehensive loss before reclassifications503 
Amounts reclassified from AOCI(468)
AOCI at March 31, 2023$(2,980)
Reclassification out of Accumulated Other Comprehensive Income Information about amounts reclassified out of AOCI attributable to stockholders by component is presented below. Such amounts are included in other gain (loss) in both continuing and discontinued operations on the statements of operations, as applicable, except for amounts related to equity method investments, which are included in equity method losses in discontinued operations.
(In thousands)
Three Months Ended March 31,
Component of AOCI reclassified into earnings20232022
Relief of basis of AFS debt securities$— $5,861 
Release of foreign currency cumulative translation adjustments1,051 20,680 
Release of AOCI of equity method investments(296)200