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Stockholders' Equity (Tables)
 6 Months Ended
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, 202135,340 142,144 166 
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, 202235,340 163,937 166 
Shares outstanding at December 31, 202233,111 159,763 166 
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, 202332,876 162,475 166 
The table below summarizes the preferred stock issued and outstanding at June 30, 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 20158,395 $84 $209,870 Currently redeemable
Series I7.15 %June 201712,867 129 321,668 Currently redeemable
Series J7.125 %September 201711,614 116 290,361 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 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 $42,383 
Other comprehensive income (loss) before reclassifications(2,261)— (18,495)6,569 (14,187)
Amounts reclassified from AOCI(200)(5,861)(20,680)— (26,741)
AOCI at June 30, 2022$(127)$— $(12,673)$14,255 $1,455 
AOCI at December 31, 2022$(295)$— $(1,214)$— $(1,509)
Other comprehensive income (loss) before reclassifications(1)— 2,954 — 2,953 
Amounts reclassified from AOCI296 — (618)— (322)
AOCI at June 30, 2023$— $— $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$(3,015)
Other comprehensive income (loss) before reclassifications863 
Amounts reclassified from AOCI(468)
AOCI at June 30, 2023$(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 earnings2023202220232022
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