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Equity (Tables) | 6 Months Ended
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Jun. 30, 2014
Equity |
Schedule of equity | Equity activity was as follows (in thousands):
|  | Total Equity
Balance at December 31, 2013 |  | $ 632,438 |
Net income |  | 35,277 |
Vested Stock option and restricted common stock vesting |  | 1,449 |
Stock option exercise |  | 277 |
Reclassification adjustment |  | (18 | )
Preferred stock dividends |  | (1,636 | )
Common stock dividends |  | (35,504 | )
Other |  | (7 | )
Balance at June 30, 2014 |  | $ 632,276 |
Schedule of cash dividends declared and paid | We declared and paid the following cash dividends (in thousands):
|  | Six months ended June 30, 2014 |  | Six months ended June 30, 2013 |
|  | Declared |  | Paid |  | Declared |  | Paid |
Preferred Stock Series C |  | $ 1,636 |  | $ 1,636 |  | $ 1,636 |  | $ 1,636 |
Common Stock(1) |  | 35,504 |  | 35,504 |  | 29,749 |  | 29,749 |
Total |  | $ 37,140 |  | $ 37,140 |  | $ 31,385 |  | $ 31,385 |
(1) Represents $0.17 per share per month and $0.155 per share per month for the six months ended June 30, 2014 and 2013, respectively.

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