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Dividends and Distributions (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of dividends declared and distributions paid
The following tables summarize dividends declared and distributions paid to the holders of common shares and Series B Preferred Shares for the six months ended June 30, 2018 and 2017.
Six Months Ended June 30, 2018
Month Declared/Paid
Dividend Per Share
Distributions Declared
 
Distributions Paid
 
 
 
 
Common Shares
 
Series B Preferred Shares
 
Common Shares
 
Series B Preferred Shares
 
 
(In thousands, except per share amounts)
January
$
0.019

$
1,291

 
$
619

 
$
1,291

 
$
619

(a) 
 
March/April
0.140

20,145

 

 
20,145

 
 
 
 
 
 
21,436

 
 
 
21,436

 
(a) 
 
 
 
 
 
 
 
 
(79
)
 

Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
 
 
 
 
 
 
20

 

Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July
0.190

27,250

 

 

 

 
 
 
 
$
48,686

 
 
 
$
21,377

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series B Preferred Shares - Fixed Dividend
 
 
 
 
 
 
 
 
January
 
1,198

 
 
 
1,198

(a) 
 
Total distributions paid to holders of Series B Preferred Shares
 
$
1,817

 
 
 
$
1,817

(b) 
 
(a)
Stub period dividend paid to shareholders of record prior to the IPO.
(b)
Last Participating and Fixed Dividend paid to holders of Series B Preferred Shares in connection with the conversion to common shares on the IPO date.

Six Months Ended June 30, 2017
Month Declared/Paid
 
Dividend Per Share
 
Distributions Declared
 
Distributions Paid
 
 
 
 
Common Shares
 
Series B Preferred Shares
 
Common Shares
 
Series B Preferred Shares
(In thousands, except per share amounts)
March/April
 
$
0.073

 
$
5,053

 
$
2,421

(a) 
$
5,053

 
$
2,421

June/July
 
0.073

 
5,054

 
2,422

(a) 

 

 
 
 
 
$
10,107

 
4,843

 
$
5,053

 
2,421

 
 
 
 
 
 
 
 
 
 
 
Series B Preferred Shares - Fixed Dividend
 
 
 
 
 
 
March/April
 
$
4,688

 
 
 
$
4,688

June/July
 
4,687

 
 
 

Total distributions paid or accrued to holders of Series B Preferred Shares
 
$
14,218

 
 
 
$
7,109

(a)
Participating Dividend.