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Other Equity Matters (Table)

9 Months Ended

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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