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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The following schedule summarizes the Company’s amortization of deferred expenses for the three and nine months ended September 30, 2016 and 2015, respectively (in thousands):
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
57
 
$
59
 
$
162
 
$
176
 
Leasing Costs
 
 
38
 
 
25
 
 
83
 
 
74
 
Lease Intangibles
 
 
2,148
 
 
1,718
 
 
5,860
 
 
3,820
 
Total
 
$
2,243
 
$
1,802
 
$
6,105
 
$
4,070
 
 
The following schedule represents estimated future amortization of deferred expenses as of September 30, 2016 (in thousands):
 
Year Ending December 31,
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(remaining)
 
2017
 
2018
 
2019
 
2020
 
Thereafter
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
59
 
$
225
 
$
122
 
$
-
 
$
-
 
$
-
 
$
406
 
Leasing Costs
 
 
40
 
 
163
 
 
161
 
 
159
 
 
138
 
 
568
 
 
1,229
 
Lease Intangibles
 
 
2,121
 
 
8,941
 
 
8,766
 
 
8,263
 
 
7,998
 
 
66,513
 
 
102,602
 
Total
 
$
2,220
 
$
9,329
 
$
9,049
 
$
8,422
 
$
8,136
 
$
67,081
 
$
104,237
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
 
Weighted average number of common shares outstanding
 
 
23,674,133
 
 
18,213,436
 
 
22,254,439
 
 
17,858,326
 
Less: Unvested restricted stock
 
 
(220,050)
 
 
(204,844)
 
 
(220,050)
 
 
(204,844)
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
23,454,083
 
 
18,008,592
 
 
22,034,389
 
 
17,653,482
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
23,454,083
 
 
18,008,592
 
 
22,034,389
 
 
17,653,482
 
Effect of dilutive securities: restricted stock
 
 
109,248
 
 
55,726
 
 
92,940
 
 
62,880
 
Weighted average number of common shares outstanding used in diluted earnings per share
 
 
23,563,331
 
 
18,064,318
 
 
22,127,329
 
 
17,716,362