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Stockholders' and Mezzanine Equity (Tables) | 9 Months Ended
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Sep. 30, 2017
Equity [Abstract] |
Summary of Changes in Stockholders' Equity | The following table summarizes the changes in our stockholders’ equity for the nine months ended September 30, 2017 (dollars in thousands):
|  | Shares Issued and Retired |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Series A and B Preferred Stock |  | Common Stock |  | Senior Common Stock |  | Series A and B Preferred Stock |  | Senior Common Stock |  | Common Stock |  | Additional Paid in Capital |  | Accumulated Other Comprehensive Income (1) |  | Distributions in Excess of Accumulated Earnings |  | Total Stockholders' Equity
Balance at December 31, 2016 |  | 2,264,000 |  |  | 24,882,758 |  |  | 959,552 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 25 |  |  | $ | 463,436 |  |  | $ | — |  |  | $ | (223,587 | ) |  | $ | 239,877 |
Issuance of Series A and B preferred stock and common stock, net |  | — |  |  | 2,785,303 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 56,731 |  |  | — |  |  | — |  |  | 56,734 |
Conversion of senior common stock to common stock |  | — |  |  | 26,563 |  |  | (29,762 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Retirement of senior common stock, net |  | — |  |  | — |  |  | (1,598 | ) |  | — |  |  | — |  |  | — |  |  | (24 | ) |  | — |  |  | — |  |  | (24 | )
Distributions declared to common, senior common and preferred stockholders |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (37,130 | ) |  | (37,130 | )
Comprehensive income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 172 |  |  | — |  |  | 172 |
Net income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,403 |  |  | 7,403 |
Balance at September 30, 2017 |  | 2,264,000 |  |  | 27,694,624 |  |  | 928,192 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 28 |  |  | $ | 520,143 |  |  | $ | 172 |  |  | $ | (253,314 | ) |  | $ | 267,032 |
(1) | The only element of comprehensive income recorded in the nine months ended September 30, 2017 relates to the fair value adjustment of $0.17 million related to our assumed interest rate swap described in Footnote 7 "Mortgage Notes Payable and Credit Facility," to these condensed consolidated financial statements.
Dividends Paid | We paid the following distributions per share for the three and nine months ended September 30, 2017 and 2016:
|  | For the three months ended September 30, |  | For the nine months ended September 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Common Stock |  | $ | 0.375 |  |  | $ | 0.375 |  |  | $ | 1.125 |  |  | $ | 1.125 |  |
Senior Common Stock |  | 0.2625 |  |  | 0.2625 |  |  | 0.7875 |  |  | 0.7875 |  |
Series A Preferred Stock |  | 0.4843749 |  |  | 0.4843749 |  |  | 1.4531247 |  |  | 1.4531247 |  |
Series B Preferred Stock |  | 0.4688 |  |  | 0.4688 |  |  | 1.4063 |  |  | 1.4063 |  |
Series C Preferred Stock |  | — |  |  | 0.2424 |  | (1) | — |  |  | 1.1330 |  | (1)
Series D Preferred Stock |  | 0.4375 |  |  | 0.4375 |  |  | 1.3125 |  |  | 0.6163 |  |
(1) | We fully redeemed our Series C Preferred Stock on August 19, 2016.

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21463-112644 + Details
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