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Common Stock | 12 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Common Stock | Common Stock: In February 2018, NNN filed a shelf registration statement with the Securities and Exchange Commission ("Commission") which permits the issuance by NNN of an indeterminate amount of debt and equity securities. In September 2019, NNN filed a prospectus supplement to the prospectus contained in its February 2018 shelf registration statement and issued 7,000,000 shares of common stock at a price of $56.50 per share and received net proceeds of $379,410,000. In connection with this offering, NNN incurred stock issuance costs totaling approximately $16,090,000, consisting primarily of underwriters' fees and commissions, legal and accounting fees and printing expenses. Dividend Reinvestment and Stock Purchase Plan. In February 2018, NNN filed a shelf registration statement with the Commission for its Dividend Reinvestment and Stock Purchase Plan ("DRIP") which permits the issuance by NNN of 10,000,000 shares of common stock. The following outlines the common stock issuances pursuant to the DRIP for the year ended December 31 (dollars in thousands):
| 2019 |  | 2018 |  | 2017
Shares of common stock | 362,918 |  |  | 311,048 |  |  | 229,696 |
Net proceeds | $ | 19,442 |  |  | $ | 13,264 |  |  | $ | 9,391 |
At-The-Market Offerings. NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following table outlines NNN's active ATM programs for the three years ended December 31, 2019:
| 2018 ATM |  | 2016 ATM
Established date | February 2018 |  |  | March 2016 |
Termination date | February 2021 |  |  | February 2018 |
Total allowable shares | 12,000,000 |  |  | 12,000,000 |
Total shares issued as of December 31, 2019 | 9,722,185 |  |  | 10,044,656 |
The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the years ended December 31 (dollars in thousands, except per share data):
| 2019 |  | 2018 |  | 2017
Shares of common stock | 2,344,022 |  |  | 7,378,163 |  |  | 5,821,366 |
Average price per share (net) | $ | 53.71 |  |  | $ | 44.48 |  |  | $ | 41.88 |
Net proceeds | $ | 125,905 |  |  | $ | 328,196 |  |  | $ | 243,822 |
Stock issuance costs(1) | $ | 1,431 |  |  | $ | 3,821 |  |  | $ | 3,782 |
(1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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