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Stockholders' Equity
 9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Dividends. For 2013, the Company declared the following dividends on its common stock:
 
Declaration Date
Record Date
Payment Date
Amount
February 27, 2013
March 28, 2013
April 12, 2013
$
0.40

May 1, 2013
June 28, 2013
July 12, 2013
$
0.40

July 31, 2013
September 30, 2013
October 11, 2013
$
0.40


For 2013, the Company declared the following dividends on its 8.625% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”):
 
Declaration Date
Record Date
Payment Date
Amount
March 15, 2013
March 28, 2013
April 15, 2013
$
0.5391

June 12, 2013
June 28, 2013
July 15, 2013
$
0.5391

September 16, 2013
September 30, 2013
October 15, 2013
$
0.5391


Common Offering. During March 2013, the Company completed a follow-on public offering of 8,805,000 shares of its common stock, including the partial exercise of the underwriters’ option to purchase additional shares, at a price of $16.90 per share. The aggregate net proceeds from the offering, including proceeds from the sale of the additional shares, were approximately $148,333 after deducting estimated offering expenses payable by the Company.
ATM Program.  In May 2013, the Company entered into an ATM Equity Offering Sales Agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated and JMP Securities LLC (the "Agents"), relating to shares of the Company's common stock.  In accordance with the terms of the agreement, the Company may offer and sell shares of common stock having an aggregate offering price of up to $100,000 from time to time through the Agents. Sales of the shares, if any, will be made by means of ordinary brokers' transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, or as otherwise agreed with the applicable Agent.  To date, the Company has not directed the Agents to sell any shares.
Stock Repurchase Program. In July 2013, the Company's board of directors approved a stock repurchase program to authorize the Company to repurchase up to an aggregate of $50,000 of its shares of common stock. To date, the Company has not repurchased any shares pursuant to the stock repurchase program.