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Consolidated Statements of Equity - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Paid in Capital
Retained Earnings
Cumulative Dividends
Other Comprehensive Income
Non-controlling Interests in Operating Partnership
Total
Balance at Dec. 31, 2022 $ 547 $ 647,330 $ 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     30,913     768 31,681
Issuance of stock   155         155
Issuance of stock (in shares) 14            
Grant of unvested restricted stock (in shares) 226            
Forfeiture of unvested restricted stock (in shares) (1)            
Shares withheld for income taxes on vesting of equity-based compensation   (43)         (43)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (4)            
Stock-based compensation   1,853         1,853
Dividends accrued and paid     (3,069) (21,975)   (546) (25,590)
Net change associated with current period hedging transactions         (615)   (615)
Repurchase and cancellation of shares $ (65) (72,107)       (433) (72,605)
Repurchase and cancellation of shares (in shares) (6,550)            
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   49       (49)  
Balance at Dec. 31, 2023 $ 482 577,237 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     59,911     1,539 61,450
Issuance of stock   34         34
Issuance of stock (in shares) 3            
Grant of unvested restricted stock (in shares) 183            
Shares withheld for income taxes on vesting of equity-based compensation   (185)         (185)
Shares withheld for income taxes on vesting of equity-based compensation (in shares) (17)            
Stock-based compensation   2,346         2,346
Dividends accrued and paid     (2,970) (64,467)   (1,748) (69,185)
Net change associated with current period hedging transactions         (1,179)   (1,179)
Repurchase and cancellation of shares $ (23) (27,511)         (27,534)
Repurchase and cancellation of shares (in shares) (2,240)            
Adjustments to non-controlling interests resulting from changes in ownership of operating partnership   73       (73)  
Balance at Dec. 31, 2024 $ 459 $ 551,994 $ 88,352 $ (160,406) $ 1,512 $ 12,676 $ 494,587
Balance (in shares) at Dec. 31, 2024 45,932