XML 35 R18.htm IDEA: XBRL DOCUMENT v3.6.0.2
COMMON STOCK ACTIVITY
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
COMMON STOCK ACTIVITY
COMMON STOCK ACTIVITY

The following table presents the common stock activity for the three years ended December 31, 2016:
 
Years Ended December 31,
2016
 
2015
 
2014
Common Shares
Shares outstanding at beginning of year
32,421,460

 
32,232,587

 
30,937,225

Common stock offerings                                                            
875,052

 
106,751

 
1,246,400

Dividend reinvestment plan                                                            
3,326

 
4,536

 
3,626

Incentive restricted stock granted                                                            
80,529

 
100,622

 
71,642

Incentive restricted stock forfeited                                                            
(910
)
 
—

 
(2,375
)
Director common stock awarded                                                            
10,072

 
9,373

 
7,742

Restricted stock withheld for tax obligations
(57,316
)
 
(32,409
)
 
(31,673
)
Shares outstanding at end of year                                                            
33,332,213

 
32,421,460

 
32,232,587


Common Stock Issuances
The following table presents the common stock issuance activity for the three years ended December 31, 2016:
Years Ended December 31,
 
Number of
Common Shares Issued
 
Net Proceeds
 
 
 
 
(In thousands)
2016
 
875,052

 
$
59,283

2015
 
106,751

 
6,233

2014
 
1,246,400

 
78,868



Dividend Reinvestment Plan
The Company has a dividend reinvestment plan that allows stockholders to reinvest cash distributions in new shares of the Company.