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Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2019
Preferred Stock [Abstract]  
Schedule of Stock by Class [Table Text Block]
Preferred stock as of December 31, 2018 consisted of the following (in thousands):
 
December 31,
2018
Preferred stock:
 
Series B Preferred
$
205,972

Series C Preferred
102,098

Series D Preferred
900

Series E Preferred
47,367

Series E-1 Preferred
46,547

Total Preferred stock
$
402,884

Certain Terms of the Preferred Stock as of December 31, 2018
 
Series B
Series C
Series D
Series E
Series E-1
Shares at $0.01 Par Value at Issuance
155,000
55,000
100
90,000
35,728
Shares Outstanding at December 31, 2018
155,000
55,000
100
37,500
35,728
Price / Share
$1,000
$1,000
$1.00
$1,000
$1,000/$960
Dividend Rate
Adjusted LIBOR + 3.00% + Additional Rate (4.75-12.50%) based on leverage. Additional 3.00% upon certain triggering events.
Adjusted LIBOR + 3.00% + Additional Rate (4.75-12.50%) based on leverage. Additional 3.00% upon certain triggering events.
Right to participate equally and ratably in all cash dividends paid on common stock.
Adjusted LIBOR + 5.25% + Additional Rate (8.50%). Additional 3.00% upon certain triggering events.
Adjusted LIBOR + 5.25% + Additional Rate (8.50%). Additional 3.00% upon certain triggering events.
Dividend Rate at December 31, 2018
17.780%
17.780%
N/A
16.030%
16.030%
Redemption Term
8 Years
8 Years
8 Years
6 Years
6 Years
Redemption Rights
From Closing Date:
12-24 months: 105%
24-36 months: 103%
65% premium (subject to stock movement)
 
From Closing Date:
0-12 months: 106.5%
12-24 months: 103.5%
From Closing Date:
0-12 months: 106.5%
12-24 months: 103.5%