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Shareholder Equity and Noncontrolling Interests | 6 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Shareholder Equity and Noncontrolling Interests | NOTE 6: Stockholder Equity and Noncontrolling Interests Stockholder Equity Effective the first quarter of 2018, we transitioned to a quarterly distribution of cash dividends on our common stock. On March 13, 2018, our board of directors declared a distribution of $0.18 per share, which was paid on April 20, 2018 to common shareholders of record as of April 4, 2018. On June 13, 2018, our board of directors declared a distribution of $0.18 per share, which was paid on July 20, 2018 to common shareholders of record as of July 6, 2018. During the three and six months ended June 30, 2018, we also paid $0 and $181, respectively, of dividends on restricted common share awards that vested during the period. On August 4, 2017, we entered into an At-the-Market Issuance Sales Agreement (the “Sales Agreement”) with various sales agents. Pursuant to the Sales Agreement, we may offer and sell shares of our common stock, $0.01 par value per share, having an aggregate offering price of up to $150,000, from time to time through the sales agents. The sales agents are entitled to compensation in an agreed amount not to exceed 2.0% of the gross sales price per share for any shares sold from time to time under the Sales Agreement. We have no obligation to sell any of the shares under the Sales Agreement and may at any time suspend solicitations and offers under the Sales Agreement. For the quarter ended June 30, 2018, 61,656 shares were issued at a weighted average price of $10.29, resulting in $622 of net proceeds, after deducting $13 of commissions. No shares were issued during the quarter ended March 31, 2018. Pursuant to the Sales Agreement $137,273 remained available for issuance as of June 30, 2018. In July 2018, 594,127 shares were issued at a weighted average price of $10.31, resulting in net proceeds of $6,005, after deducting $123 of commissions. Noncontrolling Interest During the six months ended June 30, 2018, holders of IROP units exchanged 2,112,136 units for 2,112,136 shares of our common stock. Based on the cost basis of the IROP units on the dates of these exchanges, $14,308 was reclassified from noncontrolling interests to stockholders’ equity. As of June 30, 2018, 899,215 IROP units held by unaffiliated third parties remain outstanding. On March 13, 2018, our board of directors declared a distribution of $0.18 per unit, which was paid on April 20, 2018 to IROP LP unitholders of record as of April 4, 2018. On June 13, 2018, our board of directors declared a distribution of $0.18 per share, which was paid on July 20, 2018 to IROP LP unitholders of record as of July 6, 2018.

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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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