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Equity | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
Equity | EquityThe Company sold 432,420 shares of common stock through its at-the-market equity program and raised proceeds of $20.1 million net of $0.2 million in commissions paid under the equity distribution agreement during the three months ended September 30, 2020. During the nine months ended September 30, 2020, the Company sold 1,225,572 shares of common stock through its at-the-market equity program and raised proceeds of $57.3 million net of $0.6 million in commissions paid under the equity distribution agreement. The Company’s changes in total common stockholders’ equity for the nine months ended September 30, 2020 and 2019 were as follows:
| Nine months ended September 30, 2020
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Total Stockholders' Equity
| Shares |  | Amount |  |  |
| (In thousands)
Balance at January 1, 2020 | 48,532 |  |  | $ | 485 |  |  | $ | 362,275 |  |  | $ | 417,146 |  |  | $ | 779,906 |
Net loss |  |  |  |  |  |  | (20,307) |  |  | (20,307) |
Issuance of common stock | 210 |  |  | 2 |  |  | 7,227 |  |  |  |  | 7,229 |
Repurchase of common stock | (28) |  |  | — |  |  | (1,373) |  |  |  |  | (1,373) |
Dividends paid on common stock ($0.2125 per share) |  |  |  |  |  |  | (10,315) |  |  | (10,315) |
Balance at March 31, 2020 | 48,714 |  |  | 487 |  |  | 368,129 |  |  | 386,524 |  |  | 755,140 |
Net income |  |  |  |  |  |  | 5,281 |  |  | 5,281 |
Issuance of common stock | 686 |  |  | 7 |  |  | 32,056 |  |  |  |  | 32,063 |
Repurchase of common stock | (2) |  |  | — |  |  | (105) |  |  |  |  | (105) |
Dividends paid on common stock ($0.2125 per share) |  |  |  |  |  |  | (10,356) |  |  | (10,356) |
Balance at June 30, 2020 | 49,398 |  |  | 494 |  |  | 400,080 |  |  | 381,449 |  |  | 782,023 |
Net income |  |  |  |  |  |  | 96,360 |  |  | 96,360 |
Issuance of common stock | 444 |  |  | 4 |  |  | 22,410 |  |  |  |  | 22,414 |
Repurchase of common stock | (2) |  |  | — |  |  | (99) |  |  |  |  | (99) |
Dividends paid on common stock ($0.2125 per share) |  |  |  |  |  |  | (10,506) |  |  | (10,506) |
Balance at September 30, 2020 | 49,840 |  |  | 498 |  |  | 422,391 |  |  | 467,303 |  |  | 890,192 |
| Nine months ended September 30, 2019
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Total Stockholders' Equity
| Shares |  | Amount |  |  |
| (In thousands)
Balance at January 1, 2019 | 48,065 |  |  | $ | 481 |  |  | $ | 337,623 |  |  | $ | 392,053 |  |  | $ | 730,157 |
Net loss |  |  |  |  |  |  | (7,640) |  |  | (7,640) |
Issuance of common stock | 109 |  |  | — |  |  | 3,179 |  |  |  |  | 3,179 |
Repurchase of common stock | (40) |  |  | — |  |  | (2,074) |  |  |  |  | (2,074) |
Dividends paid on common stock ($0.1975 per share) |  |  |  |  |  |  | (9,493) |  |  | (9,493) |
Balance at March 31, 2019 | 48,134 |  |  | 481 |  |  | 338,728 |  |  | 374,920 |  |  | 714,129 |
Net income |  |  |  |  |  |  | 16,996 |  |  | 16,996 |
Issuance of common stock | 8 |  |  | — |  |  | 1,675 |  |  |  |  | 1,675 |
Repurchase of common stock | (2) |  |  | — |  |  | (129) |  |  |  |  | (129) |
Dividends paid on common stock ($0.1975 per share) |  |  |  |  |  |  | (9,507) |  |  | (9,507) |
Balance at June 30, 2019 | 48,140 |  |  | 481 |  |  | 340,274 |  |  | 382,409 |  |  | 723,164 |
Net income |  |  |  |  |  |  | 42,424 |  |  | 42,424 |
Issuance of common stock | 9 |  |  | — |  |  | 1,866 |  |  | — |  |  | 1,866 |
Repurchase of common stock | (4) |  |  | — |  |  | (152) |  |  | — |  |  | (152) |
Dividends paid on common stock ($0.1975 per share) |  |  |  |  |  |  | (9,507) |  |  | (9,507) |
Balance at September 30, 2019 | 48,145 |  |  | 481 |  |  | 341,988 |  |  | 415,326 |  |  | 757,795 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: 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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