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Equity
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Equity
EQUITY
Common Stock
At-The-Market Offering—During the second quarter of 2016, the Company entered into an equity distribution agreement to issue and sell, from time to time, up to $125.0 million in aggregate offering price of shares of the Company's common stock (the "ATM Program"). Sales of common stock may be made by means of ordinary brokers’ transactions, which may include block trades, or transactions that are deemed to be “at the market” offerings. During the three months ended March 31, 2017, the Company sold 7,174,587 shares of common stock under the ATM Program at an average price of $15.31 per share for $109.8 million in gross proceeds. In conjunction with the sale of common stock, the Company reclassified $44,000 of prepaid accumulated costs associated with the ATM Program to additional paid in capital. At March 31, 2017, the Company had approximately $1.0 million available for future issuances under the ATM Program.
Dividends on Common Stock—During the first quarter of 2017, the Company's Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock, payable on April 14, 2017 to common stockholders of record as of March 31, 2017.