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Transactions with Related Parties (Tables)
9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
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 September 30

 

 

Nine Months Ended September 30

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Management fee

$

4,122

 

 

$

4,522

 

 

$

12,420

 

 

$

13,956

 

Reimbursable expenses

 

715

 

 

 

701

 

 

 

2,403

 

 

 

1,869

 

Total

$

4,837

 

 

$

5,223

 

 

$

14,823

 

 

$

15,825

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share-based compensation

$

890

 

 

$

637

 

 

$

2,592

 

 

$

1,893