Stockholders' Equity
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholders' Equity
Stockholders' Equity
Common Stock
On August 12, 2016, the Company completed an underwritten public offering of its Class A common stock. In total, 10,000,000 shares of the Company's Class A common stock were sold. In connection with the equity offering, the underwriters had a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock to cover over-allotments. On August 22, 2016, the underwriters partially exercised their over-allotment option and purchased an additional 1,300,000 shares of Class A common stock. Aggregate net proceeds of the equity offering, including the proceeds of the over-allotment option, were approximately $258.6 million after deduction of underwriting discounts, commissions, and transaction expenses.
On May 9, 2016, the Company entered into an Equity Distribution Agreement with RBC Capital Markets, LLC, KeyBanc Capital Markets Inc. and Morgan Stanley & Co. LLC (collectively, the Agents). Pursuant to the terms of the Equity Distribution Agreement, the Company may offer and sell shares of the Company’s Class A common stock, par value $0.01 per share, from time to time through the Agents, as the Company’s sales agents for the offer and sale of the shares, up to an aggregate sales price of $200.0 million. The Company intends to use the net proceeds from the sale of the shares for general corporate purposes, which may include the repayment of indebtedness and the funding of acquisitions and investments. For the three and nine months ended September 30, 2016, the Company sold 1,240,504 shares under the Equity Distribution Agreement and net proceeds under the issuances were $27.6 million and the aggregate compensation paid by the Company to the Agents with respect to such sales was $0.3 million.
Dividends
The following table presents cash dividends declared on Class A common stock for the periods presented:
 
Dividends
Per Share
 
Declaration Date
 
Record Date
 
Payment Date
2016:
 
 
 
 
 
 
 
Third Quarter
$
0.4000

 
August 3, 2016
 
September 30, 2016
 
October 31, 2016
Second Quarter
$
0.3900

 
May 4, 2016
 
June 30, 2016
 
July 29, 2016
First Quarter
$
0.3810

 
February 24, 2016
 
March 31, 2016
 
April 29, 2016

Noncontrolling Interests
The table below presents the balances for noncontrolling interests by project as follows (in thousands):
 
September 30,
 
December 31,
 
2016
 
2015
El Arrayán
$
32,125

 
$
34,224

Logan's Gap
183,681

 
190,397

Panhandle 1
192,117

 
195,791

Panhandle 2
173,841

 
184,773

Post Rock
185,636

 
196,346

Amazon Wind Farm Fowler Ridge
139,285

 
142,731

Noncontrolling interest
$
906,685

 
$
944,262


The table below presents the components of total noncontrolling interest as reported in stockholders’ equity and the consolidated balance sheets as follows (in thousands):
 
Capital
 
Accumulated Income (Loss)
 
Accumulated Other Comprehensive Loss
 
Noncontrolling Interest
Balances at December 31, 2014
$
529,539

 
$
9,892

 
$
(8,845
)
 
$
530,586

Distributions to noncontrolling interests
(4,382
)
 
—

 
—

 
(4,382
)
Acquisition of Post Rock
205,100

 
—

 
—

 
205,100

Buyout of noncontrolling interests
(88,747
)
 
(14,244
)
 
7,944

 
(95,047
)
Contribution from noncontrolling interests
191,251

 
—

 
—

 
191,251

Net loss
—

 
(16,747
)
 
—

 
(16,747
)
Other comprehensive loss, net of tax
—

 
—

 
(49
)
 
(49
)
Balances at September 30, 2015
$
832,761

 
$
(21,099
)
 
$
(950
)
 
$
810,712

 
 
 
 
 
 
 
 
Balances at December 31, 2015
$
972,241

 
$
(27,426
)
 
$
(553
)
 
$
944,262

Distributions to noncontrolling interests
(11,771
)
 
—

 
—

 
(11,771
)
Other
(103
)
 
—

 
—

 
(103
)
Net loss
—

 
(24,838
)
 
—

 
(24,838
)
Other comprehensive loss, net of tax
—

 
—

 
(865
)
 
(865
)
Balances at September 30, 2016
$
960,367

 
$
(52,264
)
 
$
(1,418
)
 
$
906,685