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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, 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        
Balance at Dec. 31, 2023 200,934 $ 138 270,398 826,061 (902,975) 7,312
Balance, Shares at Dec. 31, 2023   13,824        
Shares of Beneficial Interest:            
Issued, net (207)   (207)      
Issued, net (in shares)   26        
Repurchased (12)   (12)      
Repurchased (in shares)   (1)        
Restricted stock-based compensation expense 413   413      
Dividends and dividend equivalents (20,132)       (20,132)  
Comprehensive income:            
Net income 10,576     10,576    
Unrealized net gain/(loss) on cash flow hedges (871)         (871)
Subtotal - comprehensive income 9,705     10,576   (871)
Balance at Jun. 30, 2024 190,701 $ 138 270,592 836,637 (923,107) 6,441
Balance, Shares at Jun. 30, 2024   13,849        
Balance at Mar. 31, 2024 196,458 $ 138 270,454 831,361 (912,998) 7,503
Balance, Shares at Mar. 31, 2024   13,825        
Shares of Beneficial Interest:            
Issued, net (61)   (61)      
Issued, net (in shares)   25        
Repurchased (12)   (12)      
Repurchased (in shares)   (1)        
Restricted stock-based compensation expense 211   211      
Dividends and dividend equivalents (10,109)       (10,109)  
Comprehensive income:            
Net income 5,276     5,276    
Unrealized net gain/(loss) on cash flow hedges (1,062)         (1,062)
Subtotal - comprehensive income 4,214     5,276   (1,062)
Balance at Jun. 30, 2024 $ 190,701 $ 138 $ 270,592 $ 836,637 $ (923,107) $ 6,441
Balance, Shares at Jun. 30, 2024   13,849