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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 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, 2021 |  | 35,340 |  |  | 142,144 |  |  | 166 |
Exchange of notes for class A common stock |  | — |  |  | 6,389 |  |  | — |
Shares issued upon redemption of OP Units |  | — |  |  | 100 |  |  | — |
Shares issued for redemption of redeemable noncontrolling interest (Note 10) |  | — |  |  | 14,435 |  |  | — |
Equity awards issued, net of forfeitures |  | — |  |  | 1,470 |  |  | — |
Shares canceled for tax withholding on vested equity awards |  | — |  |  | (601) |  |  | — |
Shares outstanding at June 30, 2022 |  | 35,340 |  |  | 163,937 |  |  | 166 |
Shares outstanding at December 31, 2022 |  | 33,111 |  |  | 159,763 |  |  | 166 |
Stock repurchases |  | (235) |  |  | — |  |  | — |
Shares issued upon redemption of OP Units |  | — |  |  | 253 |  |  | — |
Equity awards issued, net of forfeitures |  | — |  |  | 3,330 |  |  | — |
Shares canceled for tax withholding on vested equity awards |  | — |  |  | (871) |  |  | — |
Shares outstanding at June 30, 2023 |  | 32,876 |  |  | 162,475 |  |  | 166 |
The table below summarizes the preferred stock issued and outstanding at June 30, 2023:
Description |  | Dividend Rate Per Annum |  | Initial Issuance Date |  | Shares Outstanding (in thousands) |  | Par Value (in thousands) |  | Liquidation Preference (in thousands) |  | Earliest Redemption Date
Series H |  | 7.125 | % |  | April 2015 |  | 8,395 |  |  | $ | 84 |  |  | $ | 209,870 |  |  | Currently redeemable
Series I |  | 7.15 | % |  | June 2017 |  | 12,867 |  |  | 129 |  |  | 321,668 |  |  | Currently redeemable
Series J |  | 7.125 | % |  | September 2017 |  | 11,614 |  |  | 116 |  |  | 290,361 |  |  | Currently redeemable
|  |  |  |  |  | 32,876 |  |  | $ | 329 |  |  | $ | 821,899 |  |  |
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 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 reclassifications |  | (2,261) |  |  | — |  |  |  |  | (18,495) |  |  | 6,569 |  |  | (14,187) |
Amounts reclassified from AOCI |  | (200) |  |  | (5,861) |  |  |  |  | (20,680) |  |  | — |  |  | (26,741) |
AOCI at June 30, 2022 |  | $ | (127) |  |  | $ | — |  |  |  |  | $ | (12,673) |  |  | $ | 14,255 |  |  | $ | 1,455 |
AOCI at December 31, 2022 |  | $ | (295) |  |  | $ | — |  |  |  |  | $ | (1,214) |  |  | $ | — |  |  | $ | (1,509) |
Other comprehensive income (loss) before reclassifications |  | (1) |  |  | — |  |  |  |  | 2,954 |  |  | — |  |  | 2,953 |
Amounts reclassified from AOCI |  | 296 |  |  | — |  |  |  |  | (618) |  |  | — |  |  | (322) |
AOCI at June 30, 2023 |  | $ | — |  |  | $ | — |  |  |  |  | $ | 1,122 |  |  | $ | — |  |  | $ | 1,122 |
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 income (loss) before reclassifications |  |  |  | (9,956) |  |  |  |  |
Amounts reclassified from AOCI |  |  |  | (9,827) |  |  |  |  |
AOCI at June 30, 2022 |  |  |  | $ | (8,726) |  |  |  |  |
AOCI at December 31, 2022 |  |  |  | $ | (3,015) |  |  |  |  |
Other comprehensive income (loss) before reclassifications |  |  |  | 863 |  |  |  |  |
Amounts reclassified from AOCI |  |  |  | (468) |  |  |  |  |
AOCI at June 30, 2023 |  |  |  | $ | (2,620) |  |  |  |  |
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 continuing and discontinued operations on the consolidated statements of operations, as applicable, except for amounts related to equity method investments, which are included in equity method losses in discontinued operations. For the three months ended June 30, 2022, there were no reclassifications out of AOCI into earnings.
(In thousands) |  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
Component of AOCI reclassified into earnings | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |
Relief of basis of AFS debt securities |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,861 |  |  |  |  |
Release of foreign currency cumulative translation adjustments |  | (433) |  |  | — |  |  | 618 |  |  | 20,680 |  |  |  |  |
Release of AOCI of equity method investments |  | — |  |  | — |  |  | (296) |  |  | 200 |  |  |  |  |

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