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Consolidated Statements of Changes in Equity and Other Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Additional Paid in Capital
Retained Earnings
Cumulative Dividends
Other Comprehensive Income
Non-controlling Interests in Operating Partnership
Total
Balance at Dec. 31, 2022 $ 531 $ 647,346 $ 3,567 $ (73,964) $ 3,306 $ 13,218 $ 594,004
Balance (in shares) at Dec. 31, 2022 54,318            
Increase (decrease) in shareholders' equity              
Net income (loss)     1,676     38 1,714
Issuance of stock   54         54
Issuance of stock (in shares) 5            
Grant of unvested restricted stock (in shares) 223            
Shares withheld for income taxes on vesting of equity-based compensation   (36)         (36)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (3)            
Stock-based compensation   405         405
Dividends accrued and paid     (803) (3,185)   (74) (4,062)
Net change associated with current period hedging transactions         (383)   (383)
Repurchase and cancellation of shares $ (15) (14,577)         (14,592)
Repurchase and cancellation of shares (in shares) (1,458)            
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   17       (17)  
Balance at Mar. 31, 2023 $ 516 633,209 4,440 (77,149) 2,923 13,165 577,104
Balance (in shares) at Mar. 31, 2023 53,085            
Increase (decrease) in shareholders' equity              
Net income (loss)     7,710     188 7,898
Issuance of stock   33         33
Issuance of stock (in shares) 3            
Stock-based compensation   473         473
Dividends accrued and paid     (782) (2,929)   (75) (3,786)
Net change associated with current period hedging transactions         589   589
Repurchase and cancellation of shares $ (41) (47,056)         (47,097)
Repurchase and cancellation of shares (in shares) (4,137)            
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   77       (77)  
Balance at Jun. 30, 2023 $ 475 586,736 11,368 (80,078) 3,512 13,201 535,214
Balance (in shares) at Jun. 30, 2023 48,951            
Increase (decrease) in shareholders' equity              
Net income (loss)     4,210     105 4,315
Issuance of stock   34         34
Issuance of stock (in shares) 3            
Grant of unvested restricted stock (in shares) 3            
Forfeiture of unvested restricted stock (in shares) (1)            
Shares withheld for income taxes on vesting of equity-based compensation   (2)         (2)
Stock-based compensation   475         475
Dividends accrued and paid     (744) (2,900)   (71) (3,715)
Net change associated with current period hedging transactions         (287)   (287)
Repurchase and cancellation of shares $ (6) (6,733)       (433) (7,172)
Repurchase and cancellation of shares (in shares) (618)            
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   (57)       57  
Balance at Sep. 30, 2023 $ 469 580,453 14,834 (82,978) 3,225 12,859 528,862
Balance (in shares) at Sep. 30, 2023 48,338            
Balance at Dec. 31, 2023 $ 466 577,253 31,411 (95,939) 2,691 12,958 528,840
Balance (in shares) at Dec. 31, 2023 48,003            
Increase (decrease) in shareholders' equity              
Net income (loss)     1,373     35 1,408
Issuance of stock   34         34
Issuance of stock (in shares) 3            
Grant of unvested restricted stock (in shares) 165            
Shares withheld for income taxes on vesting of equity-based compensation   (177)         (177)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (16)            
Stock-based compensation   491         491
Dividends accrued and paid     (743) (2,891)   (72) (3,706)
Net change associated with current period hedging transactions         (215)   (215)
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   47       (47)  
Balance at Mar. 31, 2024 $ 466 577,648 32,041 (98,830) 2,476 12,874 526,675
Balance (in shares) at Mar. 31, 2024 48,155            
Increase (decrease) in shareholders' equity              
Net income (loss)     (2,002)     (50) (2,052)
Grant of unvested restricted stock (in shares) 12            
Shares withheld for income taxes on vesting of equity-based compensation $ (1)           (1)
Stock-based compensation   510         510
Dividends accrued and paid     (742) (2,893)   (73) (3,708)
Net change associated with current period hedging transactions         45   45
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   8       (8)  
Balance at Jun. 30, 2024 $ 465 578,166 29,297 (101,723) 2,521 12,743 521,469
Balance (in shares) at Jun. 30, 2024 48,167            
Increase (decrease) in shareholders' equity              
Net income (loss)     1,793     45 1,838
Grant of unvested restricted stock (in shares) 6            
Shares withheld for income taxes on vesting of equity-based compensation   (1)         (1)
Stock-based compensation   872         872
Dividends accrued and paid     (742) (2,892)   (73) (3,707)
Net change associated with current period hedging transactions         (1,058)   (1,058)
Adjustments to non-controlling interest resulting from changes in ownership of operating partnership   7       (7)  
Balance at Sep. 30, 2024 $ 465 $ 579,044 $ 30,348 $ (104,615) $ 1,463 $ 12,708 $ 519,413
Balance (in shares) at Sep. 30, 2024 48,173