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Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Preferred Stock
Additional Paid in Capital
Retained Earnings
Balance at Dec. 31, 2013 $ 578,336 $ 83 $ 0 $ 16 $ 237,212 $ 341,025
Net income/(loss) 14,634         14,634
Issuance of preferred stock 132,924     55 132,869  
Share based compensation 120       120  
Preferred share dividends (7,557)         (7,557)
Common share dividends (18,358)         (18,358)
Balance at Dec. 31, 2014 700,099 83 0 71 370,201 329,744
Net income/(loss) (47,944)         (47,944)
Repurchase of preferred stock and cancelled (590)       (590)  
Share based compensation 120       120  
Preferred share dividends (14,200)         (14,200)
Common share dividends (3,339)         (3,339)
Balance at Dec. 31, 2015 634,146 83 0 71 369,731 264,261
Net income/(loss) (55,966)         (55,966)
Issuance of common stock 16,115 16     16,099  
Repurchase of common stock (120)   (120)      
Repurchase of preferred stock and cancelled (1,710)     (1) (1,709)  
Share based compensation 120       120  
Preferred share dividends (14,049)         (14,049)
Balance at Dec. 31, 2016 $ 578,536 $ 99 $ (120) $ 70 $ 384,241 $ 194,246