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Consolidated Statements of Changes In Equity - USD ($) $ in Thousands | Total | Common Stock | Paid-in Capital | Redeemable Perpetual Preferred Stock | Distributions in Excess of Accumulated Earnings | Accumulated Other Comprehensive Income (Loss) | Non- controlling interests – Common OP Units
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2017 | $ 1,100,042 | $ 1,766 | $ 1,241,226 |  | $ (211,980) | $ 942 | $ 68,088
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Exchange of Common OP Units for common stock |  |  | 80 |  |  |  | (80)
Issuance of common stock through employee stock purchase plan | 503 |  | 503 |  |  |  |
Compensation expenses related to restricted stock and stock options | 1,800 |  | 1,800 |  |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership |  |  | 782 |  |  |  | (782)
Adjustment for fair market value of swap | 1,873 |  |  |  |  | 1,873 |
Consolidated net income | 64,177 |  |  |  | 60,222 |  | 3,955
Distributions | (52,010) |  |  |  | (48,805) |  | (3,205)
Other | (60) |  | (60) |  |  |  |
Balance at Mar. 31, 2018 | 1,101,139 | 1,766 | 1,244,331 |  | (215,749) | 2,815 | 67,976
Balance at Dec. 31, 2017 | 1,100,042 | 1,766 | 1,241,226 |  | (211,980) | 942 | 68,088
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Adjustment for fair market value of swap | 3,017 |  |  |  |  |  |
Balance at Sep. 30, 2018 | 1,190,517 | 1,790 | 1,324,753 | $ 0 | (211,743) | 3,959 | 71,758
Balance at Mar. 31, 2018 | 1,101,139 | 1,766 | 1,244,331 |  | (215,749) | 2,815 | 67,976
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Exchange of Common OP Units for common stock |  | 2 | 80 |  |  |  | (82)
Issuance of common stock through employee stock purchase plan | 343 |  | 343 |  |  |  |
Compensation expenses related to restricted stock and stock options | 2,741 |  | 2,741 |  |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership |  |  | (57) |  |  |  | 57
Adjustment for fair market value of swap | 764 |  |  |  |  | 764 |
Consolidated net income | 49,169 |  |  | 8 | 46,137 |  | 3,024
Distributions | (52,050) |  |  | (8) | (48,841) |  | (3,201)
Other | (275) |  | (275) |  |  |  |
Balance at Jun. 30, 2018 | 1,101,831 | 1,768 | 1,247,163 | 0 | (218,453) | 3,579 | 67,774
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Exchange of Common OP Units for common stock |  | 2 | 857 |  |  |  | (859)
Issuance of common stock through employee stock purchase plan | 765 |  | 765 |  |  |  |
Issuance of Common Stock | 78,755 | 20 | 78,735 |  |  |  |
Compensation expenses related to restricted stock and stock options | 2,746 |  | 2,746 |  |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership |  |  | (4,414) |  |  |  | 4,414
Adjustment for fair market value of swap | 380 |  |  |  |  | 380 |
Consolidated net income | 59,660 |  |  |  | 56,070 |  | 3,590
Distributions | (52,521) |  |  |  | (49,360) |  | (3,161)
Other | (1,099) |  | (1,099) |  |  |  |
Balance at Sep. 30, 2018 | 1,190,517 | 1,790 | 1,324,753 | 0 | (211,743) | 3,959 | 71,758
Balance at Dec. 31, 2018 | 1,193,344 | 1,792 | 1,328,495 | 0 | (211,034) | 2,299 | 71,792
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Exchange of Common OP Units for common stock |  |  | 66 |  |  |  | (66)
Issuance of common stock through exercise of options | 53 |  | 53 |  |  |  |
Issuance of common stock through employee stock purchase plan | 652 |  | 652 |  |  |  |
Compensation expenses related to restricted stock and stock options | 2,420 |  | 2,420 |  |  |  |
Repurchase of common stock or Common OP Units | (53) |  | (53) |  |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership |  |  | (56) |  |  |  | 56
Adjustment for fair market value of swap | (931) |  |  |  |  | (931) |
Consolidated net income | 120,535 |  |  |  | 113,309 |  | 7,226
Distributions | (58,639) |  |  |  | (55,123) |  | (3,516)
Other | (63) |  | (63) |  |  |  |
Balance at Mar. 31, 2019 | 1,257,318 | 1,792 | 1,331,514 | 0 | (152,848) | 1,368 | 75,492
Balance at Dec. 31, 2018 | 1,193,344 | 1,792 | 1,328,495 | 0 | (211,034) | 2,299 | 71,792
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Adjustment for fair market value of swap | (2,798) |  |  |  |  |  |
Balance at Sep. 30, 2019 | 1,319,793 | 1,812 | 1,399,951 | 0 | (153,505) | (499) | 72,034
Balance at Mar. 31, 2019 | 1,257,318 | 1,792 | 1,331,514 | 0 | (152,848) | 1,368 | 75,492
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Exchange of Common OP Units for common stock |  | 10 | 6,425 |  |  |  | (6,435)
Issuance of common stock through employee stock purchase plan | 587 |  | 587 |  |  |  |
Issuance of Common Stock | 59,319 | 10 | 59,309 |  |  |  |
Compensation expenses related to restricted stock and stock options | 2,625 |  | 2,625 |  |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership |  |  | (2,883) |  |  |  | 2,883
Adjustment for fair market value of swap | (1,610) |  |  |  |  | (1,610) | 0
Consolidated net income | 49,085 |  |  |  | 46,401 |  | 2,676
Distributions | (58,980) |  |  | (8) | (55,757) |  | (3,215)
Other | (870) |  | (870) |  |  |  |
Balance at Jun. 30, 2019 | 1,307,474 | 1,812 | 1,396,707 | 0 | (162,204) | (242) | 71,401
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Exchange of Common OP Units for common stock |  |  | 33 |  |  |  | (33)
Issuance of common stock through employee stock purchase plan | 698 |  | 698 |  |  |  |
Compensation expenses related to restricted stock and stock options | 2,734 |  | 2,734 |  |  |  |
Adjustment for Common OP Unitholders in the Operating Partnership |  |  | (165) |  |  |  | 165
Adjustment for fair market value of swap | (257) |  |  |  |  | (257) |
Consolidated net income | 68,176 |  |  |  | 64,461 |  | 3,715
Distributions | (58,976) |  |  |  | (55,762) |  | (3,214)
Other | (56) |  | (56) |  |  |  |
Balance at Sep. 30, 2019 | $ 1,319,793 | $ 1,812 | $ 1,399,951 | $ 0 | $ (153,505) | $ (499) | $ 72,034

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