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Other Equity Matters (Table) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Preferred Stock | The following table summarizes the Company's preferred share issuances (the "Series"):
Preferred Share Offering |  | Issuance |  |  | Liquidation Preference (in thousands) |  | # of Shares(1)
Series A 8.50% Cumulative Redeemable Perpetual Preference Shares ("Series A") |  | March 2019 |  |  | $ | 86,250 |  |  | 3,450,000 |
Series B 8.00% Cumulative Redeemable Perpetual Preference Shares ("Series B") |  | June 2019 |  |  | 143,750 |  |  | 5,750,000 |
Series C 7.375% Cumulative Redeemable Perpetual Preference Shares ("Series C") |  | November 2019 |  |  | 175,000 |  |  | 7,000,000 |
Series D 6.875% Cumulative Redeemable Perpetual Preference Shares ("Series D") |  | January 2020 |  |  | 150,000 |  |  | 6,000,000 |
Series E 5.75% Cumulative Redeemable Perpetual Preference Shares ("Series E") |  | August 2021 |  |  | 175,000 |  |  | 7,000,000 |
|  |  |  |  | $ | 730,000 |  |  | 29,200,000 |
(1) Represents number of shares authorized, issued, and outstanding. The Company paid the following quarterly dividends during the three and nine months ended September 30, 2021 and 2020 on its issued and outstanding Series (in millions except for the per-share amounts):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Series |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment
A(1) |  | $0.53 |  | $1.8 |  | $0.53 |  | $1.8 |  | $1.59 |  | $5.4 |  | $1.59 |  | $5.4
B |  | $0.50 |  | $2.9 |  | $0.50 |  | $2.9 |  | $1.50 |  | $8.7 |  | $1.50 |  | $8.7
C(1) |  | $0.46 |  | $3.2 |  | $0.46 |  | $3.2 |  | $1.38 |  | $9.6 |  | $1.38 |  | $9.6
D(1) |  | $0.43 |  | $2.6 |  | $0.43 |  | $2.6 |  | $1.29 |  | $7.8 |  | $1.10 |  | $6.7
E(1) |  | $0.11 |  | $0.8 |  | $— |  | $— |  | $0.11 |  | $0.8 |  | $— |  | $—
Total |  |  |  | $11.3 |  |  |  | $10.5 |  |  |  | $32.3 |  |  |  | $30.4
(1) Per share payments rounded to the nearest whole cent.
Dividends | The Company paid the following quarterly dividends during the three and nine months ended September 30, 2021 and 2020 on its issued common shares (in millions except for the per-share amounts):
Three Months Ended September 30, |  | Nine Months Ended September 30,
2021 |  | 2020 |  | 2021 |  | 2020
Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment |  | Per Share Payment |  | Aggregate Payment
$0.57 |  | $38.2 |  | $0.52 |  | $35.5 |  | $1.71 |  | $114.5 |  | $1.56 |  | $108.4
Schedule of accumulated other comprehensive (loss) | The following table summarizes the components of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2021 and 2020 (in thousands):
| Cash Flow Hedges |  | Foreign Currency Translation |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2020 | $ | (128,526) |  |  | $ | (4,509) |  |  | $ | (133,035) |
Change in derivative instruments designated as cash flow hedges(1) | 62,850 |  |  | — |  |  | 62,850 |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1) | 7,102 |  |  | — |  |  | 7,102 |
Foreign currency translation adjustment | — |  |  | 21 |  |  | 21 |
Balance as of March 31, 2021 | $ | (58,574) |  |  | $ | (4,488) |  |  | $ | (63,062) |
Change in derivative instruments designated as cash flow hedges(1) | (23,730) |  |  | — |  |  | (23,730) |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1) | 6,958 |  |  | — |  |  | 6,958 |
Foreign currency translation adjustment | — |  |  | 42 |  |  | 42 |
Balance as of June 30, 2021 | $ | (75,346) |  |  | $ | (4,446) |  |  | $ | (79,792) |
Change in derivative instruments designated as cash flow hedges(1) | 8,148 |  |  | — |  |  | 8,148 |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1) | 7,096 |  |  | — |  |  | 7,096 |
Foreign currency translation adjustment | — |  |  | (87) |  |  | (87) |
Balance as of September 30, 2021 | $ | (60,102) |  |  | $ | (4,533) |  |  | $ | (64,635) |
| Cash Flow Hedges |  | Foreign Currency Translation |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2019 | $ | (27,096) |  |  | $ | (4,537) |  |  | $ | (31,633) |
Change in derivative instruments designated as cash flow hedges(1) | (120,140) |  |  | — |  |  | (120,140) |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1) | 1,411 |  |  | — |  |  | 1,411 |
Foreign currency translation adjustment | — |  |  | (262) |  |  | (262) |
Balance as of March 31, 2020 | $ | (145,825) |  |  | $ | (4,799) |  |  | $ | (150,624) |
Change in derivative instruments designated as cash flow hedges(1) | (16,112) |  |  | — |  |  | (16,112) |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1) | 5,854 |  |  | — |  |  | 5,854 |
Foreign currency translation adjustment | — |  |  | (115) |  |  | (115) |
Balance as of June 30, 2020 | $ | (156,083) |  |  | $ | (4,914) |  |  | $ | (160,997) |
Change in derivative instruments designated as cash flow hedges(1) | 969 |  |  | — |  |  | 969 |
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges(1) | 7,351 |  |  | — |  |  | 7,351 |
Foreign currency translation adjustment | — |  |  | 176 |  |  | 176 |
Balance as of September 30, 2020 | $ | (147,763) |  |  | $ | (4,738) |  |  | $ | (152,501) |
(1) Refer to Note 8 - "Derivative Instruments" for reclassification impact on the Consolidated Statements of Operations

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