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COMMON STOCK ACTIVITY
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
COMMON STOCK ACTIVITY
COMMON STOCK ACTIVITY

The following table presents the common stock activity for the three years ended December 31, 2017:
 
Years Ended December 31,
2017
 
2016
 
2015
Common Shares
Shares outstanding at beginning of year
33,332,213

 
32,421,460

 
32,232,587

Common stock offerings                                                            
1,370,457

 
875,052

 
106,751

Dividend reinvestment plan                                                            
2,744

 
3,326

 
4,536

Incentive restricted stock granted                                                            
93,285

 
80,529

 
100,622

Incentive restricted stock forfeited                                                            
(16,000
)
 
(910
)
 
—

Director common stock awarded                                                            
8,881

 
10,072

 
9,373

Director restricted stock granted
282

 
—

 
—

Restricted stock withheld for tax obligations
(33,695
)
 
(57,316
)
 
(32,409
)
Shares outstanding at end of year                                                            
34,758,167

 
33,332,213

 
32,421,460


Common Stock Issuances
The following table presents the common stock issuance activity for the three years ended December 31, 2017:
Years Ended December 31,
 
Number of
Common Shares Issued
 
Net Proceeds
 
 
 
 
(In thousands)
2017
 
1,370,457

 
$
109,207

2016
 
875,052

 
59,283

2015
 
106,751

 
6,233



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