XML 26 R81.htm IDEA: XBRL DOCUMENT v3.3.0.814
Equity (Preferred Stock) (Details) - USD ($)
$ / shares in Units, shares in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Class of Stock [Line Items]      
Shares Issued and Outstanding 25,800   25,800
Number of days in year used in the computation of preferred stock dividends for any partial dividend period 360 days   360 days
Number of months used in the computation of preferred stock dividends for any partial dividend period 12 months   12 months
Number of days in month, dividends computation of dividends payable for any partial dividend period 30 days   30 days
Amount of preferred dividends in arrears $ 0    
Maximum      
Class of Stock [Line Items]      
Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date 30 days   30 days
Minimum      
Class of Stock [Line Items]      
Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date 10 days   10 days
Series D      
Class of Stock [Line Items]      
Shares Issued and Outstanding 4,000   4,000
Par Value (in dollars per share) $ 0.001   $ 0.001
Liquidation Preference (in dollars per share) [1],[2] $ 25   $ 25
Rate per Annum (as a percent) [1],[2] 8.00% 8.00%  
Equivalent to Fixed Annual Rate (in dollars per share) [1],[2] $ 2.00 $ 2.00  
Dividends declared and paid $ 6,000,000 $ 6,000,000  
Series E      
Class of Stock [Line Items]      
Shares Issued and Outstanding 5,600   5,600
Par Value (in dollars per share) $ 0.001   $ 0.001
Liquidation Preference (in dollars per share) [1],[2] $ 25   $ 25
Rate per Annum (as a percent) [1],[2] 7.875% 7.875%  
Equivalent to Fixed Annual Rate (in dollars per share) [1],[2] $ 1.97 $ 1.97  
Dividends declared and paid $ 8,300,000 $ 8,300,000  
Series F      
Class of Stock [Line Items]      
Shares Issued and Outstanding 4,000   4,000
Par Value (in dollars per share) $ 0.001   $ 0.001
Liquidation Preference (in dollars per share) [1],[2] $ 25   $ 25
Rate per Annum (as a percent) [1],[2] 7.80% 7.80%  
Equivalent to Fixed Annual Rate (in dollars per share) [1],[2] $ 1.95 $ 1.95  
Dividends declared and paid $ 5,900,000 $ 5,900,000  
Series G      
Class of Stock [Line Items]      
Shares Issued and Outstanding 3,200   3,200
Par Value (in dollars per share) $ 0.001   $ 0.001
Liquidation Preference (in dollars per share) [1],[2] $ 25   $ 25
Rate per Annum (as a percent) [1],[2] 7.65% 7.65%  
Equivalent to Fixed Annual Rate (in dollars per share) [1],[2] $ 1.91 $ 1.91  
Dividends declared and paid $ 4,600,000 $ 4,700,000  
Series I      
Class of Stock [Line Items]      
Shares Issued and Outstanding 5,000   5,000
Par Value (in dollars per share) $ 0.001   $ 0.001
Liquidation Preference (in dollars per share) [1],[2] $ 25   $ 25
Rate per Annum (as a percent) [1],[2] 7.50% 7.50%  
Equivalent to Fixed Annual Rate (in dollars per share) [1],[2] $ 1.88 $ 1.88  
Dividends declared and paid $ 7,000,000 $ 7,100,000  
Series J      
Class of Stock [Line Items]      
Shares Issued and Outstanding 4,000   4,000
Par Value (in dollars per share) $ 0.001   $ 0.001
Liquidation Preference (in dollars per share) [1],[2] $ 50   $ 50
Rate per Annum (as a percent) [1],[2] 4.50% 4.50%  
Equivalent to Fixed Annual Rate (in dollars per share) [1],[2] $ 2.25 $ 2.25  
Dividends declared and paid $ 6,800,000 $ 6,800,000  
[1] Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Company's Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Company's Board of Directors for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date.
[2] The Company declared and paid dividends of $6.0 million, $8.3 million, $5.9 million, $4.6 million and $7.0 million on its Series D, E, F, G and I Cumulative Redeemable Preferred Stock during the nine months ended September 30, 2015 and 2014. The Company declared and paid dividends of $6.8 million on its Series J Convertible Perpetual Preferred Stock during the nine months ended September 30, 2015 and 2014. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding.