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Transactions with Related Parties (Tables)
6 Months Ended
Jun. 30, 2014
Amounts Incurred for Management Fee and Reimbursable Expenses

For purposes of calculating the management fee, equity is defined as the value, computed in accordance with GAAP, of shareholders’ equity, adjusted to exclude the effects of unrealized gains or losses.  The following table presents amounts incurred for management fee, reimbursable expenses and share-based compensation expense related to the restricted common shares granted to management.  

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Management fee

$

4,144

 

 

$

4,714

 

 

$

8,298

 

 

$

9,434

 

Reimbursable expenses

 

876

 

 

 

589

 

 

 

1,688

 

 

 

1,168

 

Total

$

5,020

 

 

$

5,303

 

 

$

9,986

 

 

$

10,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share-based compensation

$

842

 

 

$

627

 

 

$

1,702

 

 

$

1,256