Other Equity Matters (Table)

3 Months Ended

Mar. 31, 2019

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