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Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Total
Common stock
Capital in excess of par value
Cumulative net income
Cumulative dividends
Accumulated other comprehensive income/(loss)
Balance at Dec. 31, 2021 $ 235,327 $ 138 $ 268,515 $ 789,559 $ (823,998) $ 1,113
Balance, Shares at Dec. 31, 2021   13,785        
Shares of Beneficial Interest:            
Issued, net 93   93      
Issued, net (in shares)   16        
Restricted stock-based compensation expense 431   431      
Dividends and dividend equivalents (19,517)       (19,517)  
Comprehensive income:            
Net income 10,623     10,623    
Unrealized net gain/(loss) on cash flow hedges 7,689         7,689
Subtotal - comprehensive income 18,312     10,623   7,689
Balance at Jun. 30, 2022 234,646 $ 138 269,039 800,182 (843,515) 8,802
Balance, Shares at Jun. 30, 2022   13,801        
Balance at Mar. 31, 2022 236,974 $ 138 268,792 794,964 (833,717) 6,797
Balance, Shares at Mar. 31, 2022   13,786        
Shares of Beneficial Interest:            
Issued, net 39   39      
Issued, net (in shares)   15        
Restricted stock-based compensation expense 208   208      
Dividends and dividend equivalents (9,798)       (9,798)  
Comprehensive income:            
Net income 5,218     5,218    
Unrealized net gain/(loss) on cash flow hedges 2,005         2,005
Subtotal - comprehensive income 7,223     5,218   2,005
Balance at Jun. 30, 2022 234,646 $ 138 269,039 800,182 (843,515) 8,802
Balance, Shares at Jun. 30, 2022   13,801        
Balance at Dec. 31, 2022 229,101 $ 138 269,472 810,661 (863,181) 12,011
Balance, Shares at Dec. 31, 2022   13,803        
Shares of Beneficial Interest:            
Issued, net 75   75      
Issued, net (in shares)   19        
Restricted stock-based compensation expense 376   376      
Dividends and dividend equivalents (19,820)       (19,820)  
Comprehensive income:            
Net income 7,935     7,935    
Unrealized net gain/(loss) on cash flow hedges (1,032)         (1,032)
Subtotal - comprehensive income 6,903     7,935   (1,032)
Balance at Jun. 30, 2023 216,635 $ 138 269,923 818,596 (883,001) 10,979
Balance, Shares at Jun. 30, 2023   13,822        
Balance at Mar. 31, 2023 222,170 $ 138 269,698 815,120 (873,050) 10,264
Balance, Shares at Mar. 31, 2023   13,804        
Shares of Beneficial Interest:            
Issued, net 37   37      
Issued, net (in shares)   18        
Restricted stock-based compensation expense 188   188      
Dividends and dividend equivalents (9,951)       (9,951)  
Comprehensive income:            
Net income 3,476     3,476    
Unrealized net gain/(loss) on cash flow hedges 715         715
Subtotal - comprehensive income 4,191     3,476   715
Balance at Jun. 30, 2023 $ 216,635 $ 138 $ 269,923 $ 818,596 $ (883,001) $ 10,979
Balance, Shares at Jun. 30, 2023   13,822