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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
Beginning Balance at Dec. 31, 2016 $ 578,536 $ 99 $ (120) $ 70 $ 384,241 $ 194,246
Net (loss)/income (84,679)         (84,679)
Repurchase and cancellation of preferred stock (114)       (114)  
Tender offer-redemption of preferred stock (25,199) 3   (11) (23,045) (2,146)
Share based compensation 120       120  
Preferred share dividends declared (12,316)         (12,316)
Ending Balance at Dec. 31, 2017 456,348 102 (120) 59 361,202 95,105
Net (loss)/income 27,684         27,684
Issuance of common stock 3,297 1     3,296  
Repurchase of common stock (617)   (617)      
Repurchase and cancellation of preferred stock (9,488)     (4) (9,484)  
Share based compensation 120       120  
Preferred share dividends declared (11,510)         (11,510)
Ending Balance at Dec. 31, 2018 465,834 103 (737) 55 355,134 111,279
Net (loss)/income 16,038         16,038
Issuance of common stock 6,600 4     6,596  
Repurchase and cancellation of preferred stock (4,153) (2)     (4,151)  
Cancellation of common treasury stock 0 (1) 737   (736)  
Share based compensation 120       120  
Mezzanine equity measurement (199)         (199)
Preferred share dividends declared (11,498)         (11,498)
Ending Balance at Dec. 31, 2019 $ 472,742 $ 104 $ 0 $ 55 $ 356,963 $ 115,620