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Equity | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Equity | Equity On April 29, 2022, the Company entered into an equity distribution agreement to sell shares of its common stock having an aggregate gross sales price of up to $350.0 million from time to time depending on market conditions through an at-the-market equity program over the next three years. The Company intends to use the net proceeds from these sales, after deducting commissions on such sales and offering expenses, for general corporate purposes, which may include working capital, construction and acquisition expenditures, investments and repurchases, and redemptions of securities. The Company sold 326,042 shares of common stock through its at-the-market equity program and raised proceeds of $18.2 million, net of $0.2 million in commissions paid under the equity distribution agreement, during the three months ended March 31, 2023. As approved by the Company's stockholders at the 2022 Annual Meeting, effective July 26, 2022, the aggregate number of shares of common stock which the Company shall have authority to issue was increased from 68.0 million shares to 136.0 million shares. All of said 136.0 million shares shall be of one and the same series, namely shares with par value of $0.01 per share. The Company’s changes in total equity for the three months ended March 31, 2023 and 2022 were as follows:
| Three months ended March 31, 2023
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Noncontrolling Interests |  | Total Equity
| Shares |  | Amount |  |  |  |
| (In thousands)
Balance at January 1, 2023 | 55,598 |  |  | $ | 556 |  |  | $ | 760,336 |  |  | $ | 556,698 |  |  | $ | 4,804 |  |  | $ | 1,322,394 |
Net loss | — |  |  | — |  |  | — |  |  | (22,211) |  |  | (123) |  |  | (22,334) |
Issuance of common stock | 420 |  |  | 4 |  |  | 17,380 |  |  | — |  |  | — |  |  | 17,384 |
Repurchase of common stock | (27) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends paid on common stock ($0.2600 per share) | — |  |  | — |  |  | — |  |  | (14,456) |  |  | — |  |  | (14,456) |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (111) |  |  | — |  |  | 111 |  |  | — |
Balance at March 31, 2023 | 55,991 |  |  | 560 |  |  | 777,605 |  |  | 520,031 |  |  | 4,792 |  |  | 1,302,988 |
| Three months ended March 31, 2022
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Noncontrolling Interests |  | Total Equity
| Shares |  | Amount |  |  |  |
| (In thousands)
Balance at January 1, 2022 | 53,716 |  |  | $ | 537 |  |  | $ | 651,121 |  |  | $ | 514,873 |  |  | $ | 5,386 |  |  | $ | 1,171,917 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 1,086 |  |  | (192) |  |  | 894 |
Issuance of common stock | 85 |  |  | 1 |  |  | 1,106 |  |  | — |  |  | — |  |  | 1,107 |
Repurchase of common stock | (28) |  |  | — |  |  | (1,674) |  |  | — |  |  | — |  |  | (1,674) |
Dividends paid on common stock ($0.2500 per share) | — |  |  | — |  |  | — |  |  | (13,429) |  |  | — |  |  | (13,429) |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (54) |  |  | — |  |  | 54 |  |  | — |
Balance at March 31, 2022 | 53,773 |  |  | 538 |  |  | 650,499 |  |  | 502,530 |  |  | 5,248 |  |  | 1,158,815 |

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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 https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: 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 https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: 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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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