XML 63 R46.htm IDEA: XBRL DOCUMENT v3.20.1

Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Comprehensive income (loss)

The table below presents the activity related to Hudson Pacific Properties Inc.’s accumulated other comprehensive (loss) income (“OCI”):

						Derivative Instruments						Currency Translation Adjustments						Total Equity
BALANCE AT DECEMBER 31, 2019						$	(2,391)					$	1,830					$	(561)
Unrealized losses recognized in OCI						(12,157)						(4,950)						(17,107)
Reclassification adjustment for realized gains(1)						(136)						—						(136)
Net change in OCI						(12,293)						(4,950)						(17,243)
BALANCE AT MARCH 31, 2020						$	(14,684)					$	(3,120)					$	(17,804)

_____________

1.The gains and losses on the Company’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $26.4 million for the three months ended March 31, 2020.

The table below presents the activity related to Hudson Pacific Properties L.P.’s OCI:

						Derivative Instruments						Currency Translation Adjustments						Total Capital
BALANCE AT DECEMBER 31, 2019						$	(2,458)					$	1,845					$	(613)
Unrealized losses recognized in OCI						(12,278)						(4,999)						(17,277)
Reclassification adjustment for realized gains(1)						(137)						—						(137)
Net change in OCI						(12,415)						(4,999)						(17,414)
BALANCE AT MARCH 31, 2020						$	(14,873)					$	(3,154)					$	(18,027)

_____________

1.The gains and losses on the operating partnership’s derivative instruments are reported in the interest expense line item on the Consolidated Statements of Operations. Interest expense was $26.4 million for the three months ended March 31, 2020.

Schedule of ownership interest in operating partnership

The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units as of:

			March 31, 2020						December 31, 2019
Company-owned common units in the operating partnership			153,295,905						154,691,052
Company’s ownership interest percentage			99.4		%				99.4		%
Non-controlling units in the operating partnership(1)			911,858						991,858
Non-controlling ownership interest percentage			0.6		%				0.6		%

_________________ 

1.Represents units held by certain of the Company’s executive officers, directors and outside investors. As of March 31, 2020, this amount represents both common units and performance units of 550,969 and 360,889, respectively. As of December 31, 2019, this amount represents both common units and performance units of 550,969 and 360,889, respectively.

Schedule of dividends payable

The following table summarizes dividends declared and paid for the periods presented:

			Three Months Ended March 31,
			2020						2019
Common stock			$	0.25					$	0.25
Common units			$	0.25					$	0.25
Series A preferred units			$	0.3906					$	0.3906
Performance units			$	0.25					$	0.25
Payment date			March 30, 2020						March 28, 2019
Record date			March 20, 2020						March 18, 2019

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586

+ Details

Name:	us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of other units or shares or classes of ownership in a partnership.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB TOPIC 4.F)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70434-108055

+ Details

Name:	us-gaap_ScheduleOfOtherOwnershipInterestsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration