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Note 12 - Preferred Stock and Common Stock | 9 Months Ended
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Sep. 30, 2017
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | 12 . Preferred Stock and Common Stock The Company ’s outstanding Preferred Stock is detailed below:
As of September 30, 2017
Series of Preferred Stock |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Liquidation Preference (in thousands) |  |  | Dividend Rate |  |  | Annual Dividend per Depositary Share |  |  | Par Value |  | Optional Redemption Date
Series I |  |  | 18,400 |  |  |  | 7,000 |  |  | $ | 175,000 |  |  |  | 6.00 | % |  | $ | 1.50000 |  |  | $ | 1.00 |  | 3/20/2017
Series J |  |  | 9,000 |  |  |  | 9,000 |  |  |  | 225,000 |  |  |  | 5.50 | % |  | $ | 1.37500 |  |  | $ | 1.00 |  | 7/25/2017
Series K |  |  | 8,050 |  |  |  | 7,000 |  |  |  | 175,000 |  |  |  | 5.625 | % |  | $ | 1.40625 |  |  | $ | 1.00 |  | 12/7/2017
Series L |  |  | 10,350 |  |  |  | 9,000 |  |  |  | 225,000 |  |  |  | 5.125 | % |  | $ | 1.28125 |  |  | $ | 1.00 |  | 8/16/2022
|  |  | 45,800 |  |  |  | 32,000 |  |  | $ | 800,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 201 6
Series of Preferred Stock |  | Shares Authorized |  |  | Shares Issued and Outstanding |  |  | Liquidation Preference (in thousands) |  |  | Dividend Rate |  |  | Annual Dividend per Depositary Share |  |  | Par Value |  | Optional Redemption Date
Series I |  |  | 18,400 |  |  |  | 16,000 |  |  | $ | 400,000 |  |  |  | 6.00 | % |  | $ | 1.50000 |  |  | $ | 1.00 |  | 3/20/2017
Series J |  |  | 9,000 |  |  |  | 9,000 |  |  |  | 225,000 |  |  |  | 5.50 | % |  | $ | 1.37500 |  |  | $ | 1.00 |  | 7/25/2017
Series K |  |  | 8,050 |  |  |  | 7,000 |  |  |  | 175,000 |  |  |  | 5.625 | % |  | $ | 1.40625 |  |  | $ | 1.00 |  | 12/7/2017
|  |  | 35,450 |  |  |  | 32,000 |  |  | $ | 800,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
The following Preferred Stock series w as issued during the nine months ended September 30, 2017:
Series of Preferred Stock |  | Date Issued |  | Depositary Shares Issued |  | Fractional Interest per Share |  | Net Proceeds, A fter Expenses (in millions) |  |  | Offering Price |  | Optional Redemption Date
Series L |  | 8/16/2017 |  |  | 9,000,000 |  | 1/1000 |  | $ | 217.6 |  |  |  | 25.00 |  | 8/16/2022
The following Preferred Stock series w as partially redeemed during the nine months ended September 30, 2017:
Series of Preferred Stock |  | Date Issued |  | Depositary Shares Redeemed |  |  | Redemption Amount (in millions) |  |  | Redemption Price |  | Redemption Date
Series I (1) |  | 3/20/2012 |  |  | 9,000,000 |  |  | $ | 225.0 |  |  | $ | 25.00 |  | 9/6/2017
| ( 1 ) | On September 6, 2017, the Company partially redeemed 9,000 shares of its issued and outstanding Series I Preferred Stock, representing 56.25% of the issued and outstanding Series I Preferred Stock. In connection with this partial redemption the Company recorded a charge of $7.0 million resulting from the difference between the redemption amount and the carrying amount of the Series I Preferred Stock on the Company’s Condensed Consolidated Balance Sheets in accordance with the FASB’s guidance on Distinguishing Liabilities from Equity. This $7.0 million charge was subtracted from net income/(loss) attributable to the Company to arrive at net income/(loss) available to the Company ’s common shareholders and used in the calculation of earnings per share for the nine months ended September 30, 2017.
D uring February 2015, the Company established an at the market continuous offering program (the “ATM program”) which is effective for a term of three years, pursuant to which the Company may offer and sell shares of its common stock, par value $0.01 per share, with an aggregate gross sales price of up to $500.0 million through a consortium of banks acting as sales agents. Sales of the shares of common stock may be made, as needed, from time to time in “at the market” offerings as defined in Rule 415 of the Securities Act of 1933, including by means of ordinary brokers’ transactions on the New York Stock Exchange (the “NYSE”) or otherwise (i) at market prices prevailing at the time of sale, (ii) at prices related to prevailing market prices or (iii) as otherwise agreed to with the applicable sales agent. The Company did not offer for sale any shares of common stock under the ATM program during the nine months ended September 30, 2017. As of September 30, 2017, the Company had $211.9 million available under this ATM program.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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