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Other Equity Matters (Table) | 3 Months Ended
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Mar. 31, 2019
Equity [Abstract] |
Dividends | The Company paid the following quarterly dividends during the three months ended March 31, 2019 and 2018 on its issued and outstanding common shares:
Record Date | Payment Date |  | Aggregate Payment |  | Per Share Payment
March 12, 2019 | March 28, 2019 |  | $40.4 Million |  | $0.52
March 12, 2018 | March 28, 2018 |  | $36.0 Million |  | $0.45
As of March 31, 2019, the Company had cumulative unpaid dividends on its outstanding Series A Preferred Shares of $0.3 million
Schedule of accumulated other comprehensive (loss) | The following table summarizes the components of accumulated other comprehensive income, net of tax, for the three months ended March 31, 2019 and 2018 (in thousands):
| Cash Flow Hedges |  | Foreign Currency Translation |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2018 | $ | 19,043 |  |  | $ | (4,480 | ) |  | $ | 14,563 |
Change in derivative instruments designated as cash flow hedges | (14,323 | ) |  | — |  |  | (14,323 | )
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges | (1,749 | ) |  | — |  |  | (1,749 | )
Cumulative effect for the adoption of ASU 2017-12 | 432 |  |  | — |  |  | 432 |
Foreign currency translation adjustment | — |  |  | 43 |  |  | 43 |
Other comprehensive income (loss) | (15,640 | ) |  | 43 |  |  | (15,597 | )
Balance as of March 31, 2019 | $ | 3,403 |  |  | $ | (4,437 | ) |  | $ | (1,034 | )
| Cash Flow Hedges |  | Foreign Currency Translation |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2017 | $ | 31,215 |  |  | $ | (4,273 | ) |  | 26,942 |
Change in derivative instruments designated as cash flow hedges | 12,459 |  |  | — |  |  | 12,459 |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges | (1,472 | ) |  | — |  |  | (1,472 | )
Tax reclassification to accumulated earnings for the adoption of ASU 2018-02 | (3,029 | ) |  | — |  |  | (3,029 | )
Foreign currency translation adjustment | — |  |  | 92 |  |  | 92 |
Other comprehensive income (loss) | 7,958 |  |  | 92 |  |  | 8,050 |
Balance as of March 31, 2018 | $ | 39,173 |  |  | $ | (4,181 | ) |  | $ | 34,992 |
Schedule of reclassifications out of accumulated other comprehensive (loss) | The following table summarizes the reclassifications out of accumulated other comprehensive income (in thousands):
| Amounts Reclassified From Accumulated Other Comprehensive Income | Affected Line Item in the Consolidated Statements of Income
| Three Months Ended March 31,
| 2019 |  | 2018
Amounts reclassified from accumulated other comprehensive income before income tax | $ | (2,355 | ) |  | $ | (1,824 | ) | Interest and debt expense
Income tax expense (benefit) | 606 |  |  | 352 |  | Income tax expense
Amounts reclassified from accumulated other comprehensive income, net of tax | $ | (1,749 | ) |  | $ | (1,472 | ) | Net income

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