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Equity (Tables)

3 Months Ended

Mar. 31, 2014

Equity

Schedule of equity

Equity is as follows (in thousands):

		Total Equity
Balance at December 31, 2013		$632,438
Net income		17,004
Vested stock option and restricted common stock		666
Stock option exercise		238
Reclassification adjustment		(9)
Preferred stock dividends		(818)
Common stock dividends		(17,742)
Other		(7)
Balance at March 31, 2014		$631,770

Schedule of cash dividends declared and paid

We declared and paid the following cash dividends (in thousands):

		Three months ended March 31, 2014						Three months ended March 31, 2013
		Declared			Paid			Declared			Paid
Preferred Stock Series C		$     818			$    818			$      818			$     818
Common Stock(1)		17,742			17,742			14,217			14,217
Total		$18,560			$18,560			$15,035			$15,035

(1) Represents $0.17 per share per month and $0.155 per share per month for the three months ended March 31, 2014 and 2013, respectively.

X

- Definition

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+ References

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

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