Capital Stock

3 Months Ended

Mar. 31, 2015

Capital Stock [Abstract]

Capital Stock

NOTE 6. CAPITAL STOCK

Common Stock Issuances

During 2015 and 2014, the Company completed the following public offerings of shares of its common stock.

($ in thousands, except per share amounts)
			Weighted
			Average
			Price
			Received			Net
Type of Offering	Period		Per Share(1)	Shares		Proceeds(2)
2015
At the Market Offering Program(3)	First Quarter	$	13.66	1,210,487	$	16,175
At the Market Offering Program(3)	Second Quarter		13.25	363,892		5,114
				1,574,379	$	21,289
2014
Secondary Offering	First Quarter	$	12.50	2,070,000	$	24,174
Secondary Offering(4)	First Quarter		12.55	3,680,000		43,989
At the Market Offering Program(3)	Second Quarter		13.14	537,499		6,914
At the Market Offering Program(3)	Third Quarter		13.99	3,389,441		46,372
At the Market Offering Program(3)	Fourth Quarter		13.87	3,675,207		49,846
				13,352,147	$	171,295

• Weighted average price received per share is gross of underwriters’ discount, if applicable, and other offering costs.
• Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs.
• The Company has entered into three equity distribution agreements, two of which have been cancelled and replaced with the current agreement, to publicly offer and sell shares of the Company’s common stock in atthemarket and privately negotiated transactions from time to time. The net proceeds and shares issued in the second quarter of 2015 under this program are not reflected in the Company’s financial statements as of March 31, 2015. As of March 31, 2015, shares with a value of $83.6 million remain available for issuance under the March 2015 Equity Distribution Agreement.
• Includes net proceeds received of $5.7 million and 480,000 shares issued to the underwriters in April 2014 pursuant to the exercise of their overallotment option related to the March 2014 offering.

Cash Dividends

The table below presents the cash dividends declared on the Company’s common stock during 2015 and 2014.

(in thousands, except per share amount)
Declaration Date	Record Date	Payment Date		Per Share Amount		Total
2015
April 9, 2015(1)	April 27, 2015	April 30, 2015	$	0.18	$	3,303
March 10, 2015	March 27, 2015	March 31, 2015		0.18		3,205
February 10, 2015	February 25, 2015	February 27, 2015		0.18		3,017
January 13, 2015	January 26, 2015	January 30, 2015		0.18		3,017
Totals			$	0.72	$	12,542
Declaration Date	Record Date	Payment Date		Per Share Amount		Total
2014
December 9, 2014	December 26, 2014	December 30, 2014	$	0.18	$	3,004
November 12, 2014	November 25, 2014	November 28, 2014		0.18		2,737
October 9, 2014	October 28, 2014	October 31, 2014		0.18		2,358
September 9, 2014	September 25, 2014	September 30, 2014		0.18		2,348
August 12, 2014	August 26, 2014	August 29, 2014		0.18		1,999
July 10, 2014	July 28, 2014	July 31, 2014		0.18		1,759
June 11, 2014	June 25, 2014	June 30, 2014		0.18		1,712
May 8, 2014	May 27, 2014	May 30, 2014		0.18		1,641
April 8, 2014	April 25, 2014	April 30, 2014		0.18		1,636
March 11, 2014	March 26, 2014	March 31, 2014		0.18		1,550
February 11, 2014	February 25, 2014	February 28, 2014		0.18		974
January 9, 2014	January 27, 2014	January 31, 2014		0.18		925
Totals			$	2.16	$	22,643

The effect of the dividend declared in April 2015 is not reflected in the Company’s financial statements as of March 31, 2015.