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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders' Equity
Total Stockholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Common stock
Treasury stock
Additional Paid-in Capital
Additional Paid-in Capital
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Accumulated other comprehensive income/(loss)
Non-controlling Interest
Preferred stock - Series A shares
Preferred Stock
Preferred stock - Series B shares
Preferred Stock
Beginning balance (in shares) at Dec. 31, 2020         22,978,339             2,307,400 2,892,600
Beginning balance at Dec. 31, 2020 $ 514,491   $ 485,361   $ 231 $ (1,159) $ 317,424   $ 53,346 $ 375 $ 29,130 $ 51,100 $ 64,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 10,642   8,953           8,953   1,689    
Issuance of shares under dividend reinvestment plan (in shares)         4,228                
Issuance of shares under dividend reinvestment plan 47   47       47            
Acquisition of non-controlling interest in subsidiary (11,362)   (3,056)       (3,056)       (8,306)    
Stock based compensation expense (in shares)         6,280                
Stock-based compensation expense 294   294       294            
Dividends declared and distributions (5,883)   (5,799)           (5,799)   (84)    
Other comprehensive income/(loss) 1,306   1,306             1,306      
Ending balance (in shares) at Mar. 31, 2021         22,988,847             2,307,400 2,892,600
Ending balance at Mar. 31, 2021 509,535   487,106   $ 231 (1,159) 314,709   56,500 1,681 22,429 $ 51,100 $ 64,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Reclass of conversion premium - convertible notes 497,295 $ (711)   $ (711)       $ (711)          
Beginning balance (in shares) at Dec. 31, 2021         23,146,775             2,307,400 2,892,600
Beginning balance at Dec. 31, 2021 500,473   497,295   $ 233 (1,691) 316,162   66,427 1,020 3,178 $ 51,100 $ 64,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 5,631   5,535           5,535   96    
Issuance of shares under dividend reinvestment plan (in shares)         9,739                
Issuance of shares under dividend reinvestment plan 115   115       115            
Distribution to non-controlling interest (819)                   (819)    
Stock-based management fee expense (in shares)         39,558                
Stock-based management fee expense 437   437   $ 1   436            
Stock based compensation expense (in shares)         8,900                
Stock-based compensation expense 324   324       324            
Dividends declared and distributions (8,056)   (7,966)           (7,966)   (90)    
Other comprehensive income/(loss) (9,778)   (9,778)             (9,778)      
Treasury stock (in shares)         (10,406)                
Treasury stock (117)   (117)     (117)              
Ending balance (in shares) at Mar. 31, 2022         23,194,566             2,307,400 2,892,600
Ending balance at Mar. 31, 2022 487,499   $ 485,134   $ 234 $ (1,808) $ 316,326   $ 63,996 $ (8,758) $ 2,365 $ 51,100 $ 64,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Reclass of conversion premium - convertible notes $ 485,134