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Equity (Tables) | 3 Months Ended
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Mar. 31, 2015
Equity |
Schedule of equity | Equity activity was as follows (in thousands):
|  | Total |
|  | Equity |
Balance at December 31, 2014 |  | $ | 660,121 |
Net income |  |  | 17,552 |
Vesting of stock option and restricted common stock |  |  | 982 |
Reclassification adjustment |  |  | (9) |
Preferred stock dividends |  |  | (818) |
Common stock dividends |  |  | (18,116) |
Other |  |  | (328) |
Balance at March 31, 2015 |  | $ | 659,384 |
Schedule of cash dividends declared and paid | We declared and paid the following cash dividends (in thousands):
|  | Three Months Ended March 31, 2015 |  | Three Months Ended March 31, 2014 |
|  | Declared |  | Paid |  | Declared |  | Paid |
Preferred Stock Series C |  | $ | 818 |  | $ | 818 |  | $ | 818 |  | $ | 818 |
Common Stock(1) |  |  | 18,116 |  |  | 18,116 |  |  | 17,742 |  |  | 17,742 |
Total |  | $ | 18,934 |  | $ | 18,934 |  | $ | 18,560 |  | $ | 18,560 |
Represents $0.17 per share per month for each of the three months ended March 31, 2015 and 2014, respectively.
Schedule of restricted stock granted |
|  |  |  | Price per |  |
Year |  | No. of Shares |  | Share |  | Vesting Period
2015 |  |  |  |  |  |  |
|  | 65,750 |  | $ | 44.45 |  | ratably over 3 years
|  | 65,750 |  |  |  |  |
2014 |  |  |  |  |  |  |
|  | 59,000 |  | $ | 36.81 |  | ratably over 3 years
|  | 3,000 |  | $ | 38.43 |  | ratably over 3 years
|  | 62,000 |  |  |  |  |

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