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Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of cumulative redeemable and convertible perpetual preferred stock outstanding
The Company had the following series of Cumulative Redeemable Preferred Stock outstanding as of December 31, 2020 and 2019:
   
Cumulative Preferential Cash
Dividends(1)(2)
Carrying Value
(in thousands)
SeriesShares Issued and
Outstanding
(in thousands)
Par Value
Liquidation Preference(3)
Rate per AnnumAnnual
Dividend Rate
(per share)
December 31, 2020December 31, 2019
D4,000 $0.001 $25.00 8.00 %$2.00 $89,041 $89,041 
G3,200 0.001 25.00 7.65 %1.91 72,664 72,664 
I5,000 0.001 25.00 7.50 %1.88 120,785 120,785 
Total12,200    $282,490 $282,490 
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(1)Holders of shares of the Series D, G and I preferred stock are entitled to receive dividends, when and as declared by the Company's Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Company's Board of Directors for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date.
(2)The Company declared and paid dividends of $8.0 million, $6.1 million and $9.4 million on its Series D, G and I Cumulative Redeemable Preferred Stock during the years ended December 31, 2020 and 2019, respectively. The Company declared and paid dividends of $9.0 million on its Series J Convertible Perpetual Preferred Stock during the year ended December 31, 2019. The character of the 2020 dividends was 100% return of capital. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 gain. There are no dividend arrearages on any of the preferred shares currently outstanding.
(3)The Company may, at its option, redeem the Series G and I Preferred Stock, in whole or in part, at any time and from time to time, for cash at a redemption price equal to 100% of the liquidation preference of $25.00 per share, plus accrued and unpaid dividends, if any, to the redemption date.
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity "Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands):
 As of December 31,
 20202019
Unrealized gains on available-for-sale securities$4,594 $2,756 
Unrealized losses on cash flow hedges(53,075)(37,264)
Unrealized losses on cumulative translation adjustment(4,199)(4,199)
Accumulated other comprehensive loss$(52,680)$(38,707)