v3.20.4
Condensed Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Retained Earnings/(Accumulated Deficit)
Non-controlling Interest
Preferred Stock [Member]
Preferred Stock [Member]
Total Stockholders' Equity
Preferred Stock [Member]
Preferred Stock [Member]
Common Stock
Common Stock
Total Stockholders' Equity
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Beginning balance (in shares) at Dec. 31, 2017 31,335,938                        
Beginning balance at Dec. 31, 2017 $ 620,961 $ 600,099       $ 20,862              
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                          
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 49,911 46,676       3,235              
Shares Issued As Payment of Incentive Fee 71 71                      
Contributions from non-controlling interests 21,532         21,532              
Distributions to non-controlling interests (23,853)         (23,853)              
Adjustment to non-controlling interests $ 0 (369)       369              
Stock issued during period, shares, conversion of units (3,334)                        
Repurchase of shares of common stock (in shares) (1,547,148)                        
Repurchase of shares of common stock $ (23,131) (23,131)                      
Share-based long term incentive plan unit awards $ 415 412       3              
Ending balance (in shares) at Dec. 31, 2018 29,796,601   29,796,601                    
Ending balance at Dec. 31, 2018 $ 595,170 563,833 $ 0 $ 665,356 $ (101,523) 31,337              
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                          
Dividends declared (in usd per share) $ 1.64                        
Net investment income $ 43,125                        
Total net realized gain (loss) 31,388                        
Net Unrealized Gain (Loss) (24,602)                        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 49,911 46,676       3,235              
Dividends (50,736) [1] (50,388) [1]       (348) [1]       $ (49,576)      
Share-based long term incentive plan unit redemption and distribution 0 (9,537)       9,537              
Net increase (decrease) in equity from transactions (75,702) (82,942)       7,240              
Stockholders' Equity, Period Increase (Decrease) (25,791) (36,266)       10,475              
Preferred Stock, Value, Outstanding 0                        
Share conversion [2]     $ 30 (30)                  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 63,177 57,933     57,933 5,244              
Stock Issued During Period, Shares, New Issues 8,855,000                 8,855,000 [3]      
Stock Issued During Period, Value, New Issues [3]             $ 111,034 $ 111,034 $ 111,034 $ 156,328 $ 156,328 $ 9 $ 156,319
Shares Issued As Payment of Incentive Fee, Shares 0                        
Contributions from non-controlling interests $ 27,650         27,650              
Dividends [4] (59,824) (58,499)     (58,499) (1,325)              
Dividends, Preferred Stock, Cash [5] (1,466) (1,466)     (1,466)                
Distributions to non-controlling interests $ (23,063)         (23,063)              
Adjustment to non-controlling interests   (392)   (392)   392              
Stock issued during period, shares, conversion of units     47,167                    
Stock Issued During Period, Value, Conversion of Units   812   812   812              
Repurchase of shares of common stock (in shares) (50,825)   (50,825)                    
Repurchase of shares of common stock $ (782) (782)   (782)                  
Share-based long term incentive plan unit awards $ 475 464   464   11              
Ending balance (in shares) at Dec. 31, 2019 38,647,943   38,647,943                    
Ending balance at Dec. 31, 2019 $ 868,699 829,265 $ 39 821,747 (103,555) 39,434              
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                          
Dividends declared (in usd per share) $ 1.81                        
Preferred Stock, Dividends Per Share, Declared $ 0.45938                        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 63,177 57,933     57,933 5,244              
Dividends (59,824)                 $ (58,499)      
Preferred Stock, Value, Outstanding 111,034                        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 28,377 25,008     25,008 3,369              
Stock Issued During Period, Shares, New Issues 5,290,000                 5,290,000 [3]      
Stock Issued During Period, Value, New Issues [3]                   $ 95,292 95,292 5 95,287
Shares Issued As Payment of Incentive Fee, Shares 637                 637      
Shares Issued As Payment of Incentive Fee                   $ 12 $ 12 $ 0 $ 12
Contributions from non-controlling interests $ 8,270         8,270              
Dividends [4] (56,023) (55,211)     (55,211) (812)              
Dividends, Preferred Stock, Cash [5] (7,763) (7,763)     (7,763) 0              
Distributions to non-controlling interests $ (12,958)         (12,958)              
Adjustment to non-controlling interests   (1,480)   (1,480)   1,480              
Stock issued during period, shares, conversion of units     133,154                    
Stock Issued During Period, Value, Conversion of Units   2,437   2,437   2,437              
Repurchase of shares of common stock (in shares) (290,050)   (290,050)                    
Repurchase of shares of common stock $ (3,056) (3,056)   (3,056)                  
Share-based long term incentive plan unit awards $ 722 711   711   11              
Ending balance (in shares) at Dec. 31, 2020 43,781,684   43,781,684                    
Ending balance at Dec. 31, 2020 $ 921,572 885,215 $ 44 $ 915,658 (141,521) 36,357              
CHANGE IN SHAREHOLDERS’ EQUITY RESULTING FROM OPERATIONS                          
Dividends declared (in usd per share) $ 1.26                        
Preferred Stock, Dividends Per Share, Declared $ 1.265625                        
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 28,377 $ 25,008     $ 25,008 $ 3,369              
Dividends (56,023)                 $ (55,211)      
Preferred Stock, Value, Outstanding $ 111,034                        
[1] For the year ended December 31, 2018, dividends totaling $1.64 per common share and convertible unit outstanding, were declared.
[2] See Note 1 for further details on the share conversion.
[3] Net of underwriters' discounts and offering costs.
[4] For the years ended December 31, 2020 and 2019, dividends totaling $1.26 and $1.81, respectively, per share of common stock and convertible unit outstanding, were declared.
[5] For the years ended December 31, 2020 and 2019, dividends totaling $1.265625 and $0.45938, respectively, per share of preferred stock was declared.