XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series B Preferred Stock
Series D Preferred Stock
Impact of adoption of new accounting standard
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series D Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Deficit
Series B Preferred Stock
Accumulated Deficit
Series D Preferred Stock
Accumulated Deficit
Impact of adoption of new accounting standard
Noncontrolling Interest in Consolidated Entities
Redeemable Noncontrolling Interests in Operating Partnership
Beginning balance (in shares) at Dec. 31, 2018           1,600,000 32,512,000              
Beginning balance at Dec. 31, 2018 $ 392,085     $ (103)   $ 16 $ 325 $ 512,545 $ (115,410)     $ (103) $ (5,391)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Purchase of common stock (in shares)             (30,000)              
Purchase of common stock (384)             (384)            
Equity-based compensation 2,355             2,355           $ 1,194
Preferred stock offering costs (13)             (13)            
Issuance of restricted shares/units (in shares)             237,000              
Issuance of restricted shares/units 0           $ 2 (2)           7
Forfeiture of restricted common shares (in shares)             (4,000)              
Forfeiture of restricted common shares 0                          
Dividends declared – common stock (10,665)               (10,665)          
Dividends declared – preferred stock   $ (3,414) $ (1,650)             $ (3,414) $ (1,650)      
Distributions to noncontrolling interests 0                         (1,547)
Redemption/conversion of operating partnership units (in shares)             165,000              
Redemption/conversion of operating partnership units 2,201           $ 2 2,199           (2,201)
Net income (loss) (5,491)               (5,491)          
Net income (loss) (5,640)                       (149)  
Redemption value adjustment (1,042)               (1,042)          
Ending balance (in shares) at Jun. 30, 2019           1,600,000 32,880,000              
Ending balance at Jun. 30, 2019 373,730         $ 16 $ 329 516,700 (137,775)       (5,540)  
Beginning balance, temporary equity (in shares) at Dec. 31, 2018         4,966,000                  
Beginning balance, temporary equity at Dec. 31, 2018         $ 106,123                  
Redeemable noncontrolling interests in operating partnership, beginning balance at Dec. 31, 2018                           44,885
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Equity-based compensation 2,355             2,355           1,194
Temporary equity, net income (loss)                           (1,305)
Redemption value adjustment                           1,042
Ending balance, temporary equity (in shares) at Jun. 30, 2019         4,966,000                  
Ending balance, temporary equity at Jun. 30, 2019         $ 106,123                  
Redeemable noncontrolling interests in operating partnership, ending balance at Jun. 30, 2019                           42,075
Beginning balance (in shares) at Mar. 31, 2019           1,600,000 32,841,000              
Beginning balance at Mar. 31, 2019 377,216         $ 16 $ 328 514,739 (132,575)       (5,292)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Purchase of common stock (in shares)             (13,000)              
Purchase of common stock (182)             (182)            
Equity-based compensation 1,377             1,377           644
Forfeiture of restricted common shares (in shares)             (3,000)              
Forfeiture of restricted common shares 0                          
Dividends declared – common stock (5,336)               (5,336)          
Dividends declared – preferred stock   (1,707) (825)             (1,707) (825)      
Distributions to noncontrolling interests 0                         (769)
Redemption/conversion of operating partnership units (in shares)             55,000              
Redemption/conversion of operating partnership units 767           $ 1 766           (767)
Net income (loss) (4,510)               (4,510)          
Net income (loss) (4,758)                       (248)  
Redemption value adjustment 7,178               7,178          
Ending balance (in shares) at Jun. 30, 2019           1,600,000 32,880,000              
Ending balance at Jun. 30, 2019 373,730         $ 16 $ 329 516,700 (137,775)       (5,540)  
Beginning balance, temporary equity (in shares) at Mar. 31, 2019         4,966,000                  
Beginning balance, temporary equity at Mar. 31, 2019         $ 106,123                  
Redeemable noncontrolling interests in operating partnership, beginning balance at Mar. 31, 2019                           51,010
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Equity-based compensation 1,377             1,377           644
Temporary equity, net income (loss)                           (865)
Redemption value adjustment                           (7,178)
Ending balance, temporary equity (in shares) at Jun. 30, 2019         4,966,000                  
Ending balance, temporary equity at Jun. 30, 2019         $ 106,123                  
Redeemable noncontrolling interests in operating partnership, ending balance at Jun. 30, 2019                           42,075
Beginning balance (in shares) at Dec. 31, 2019           1,600,000 32,885,000              
Beginning balance at Dec. 31, 2019 363,254         $ 16 $ 329 519,551 (150,629)       (6,013)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Purchase of common stock (in shares)             (35,000)              
Purchase of common stock (124)             (124)            
Equity-based compensation 2,923             2,923           1,110
Issuance of preferred stock (in shares)         23,000                  
Issuance of preferred stock         $ 432                  
Issuance of restricted shares/units (in shares)             346,000              
Issuance of restricted shares/units 48           $ 3 45           44
Forfeiture of restricted common shares (in shares)             (7,000)              
Forfeiture of restricted common shares 0                          
Dividends declared – preferred stock   $ (3,460) (1,650)             (3,460) (1,650)      
Distributions to noncontrolling interests (2,639)                       (2,639)  
Redemption/conversion of operating partnership units (in shares)             339,000              
Redemption/conversion of operating partnership units 3,454           $ 3 3,451           (3,454)
Net income (loss) (56,720)                          
Net income (loss) (59,696)                       (2,976)  
Redemption value adjustment 28               28          
Ending balance (in shares) at Jun. 30, 2020           1,600,000 33,528,000              
Ending balance at Jun. 30, 2020 302,138         $ 16 $ 335 525,846 (212,431)       (11,628)  
Beginning balance, temporary equity (in shares) at Dec. 31, 2019   5,000,000.0     5,008,000                  
Beginning balance, temporary equity at Dec. 31, 2019 106,920       $ 106,920                  
Redeemable noncontrolling interests in operating partnership, beginning balance at Dec. 31, 2019                           41,570
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Equity-based compensation 2,923             2,923           1,110
Temporary equity, net income (loss)                           (7,182)
Redemption value adjustment                           (28)
Ending balance, temporary equity (in shares) at Jun. 30, 2020   5,000,000.0     5,031,000                  
Ending balance, temporary equity at Jun. 30, 2020 107,352       $ 107,352                  
Redeemable noncontrolling interests in operating partnership, ending balance at Jun. 30, 2020                           32,060
Beginning balance (in shares) at Mar. 31, 2020           1,600,000 33,511,000              
Beginning balance at Mar. 31, 2020 349,360         $ 16 $ 335 524,341 (166,108)       (9,224)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Purchase of common stock (in shares)             (15,000)              
Purchase of common stock (42)             (42)            
Equity-based compensation 1,499             1,499           549
Issuance of restricted shares/units (in shares)             35,000              
Issuance of restricted shares/units 48             48            
Forfeiture of restricted common shares (in shares)             (3,000)              
Forfeiture of restricted common shares 0                          
Dividends declared – preferred stock   $ (1,730) $ (825)             $ (1,730) $ (825)      
Net income (loss) (43,790)               (43,790)          
Net income (loss) (46,194)                       (2,404)  
Redemption value adjustment 22               22          
Ending balance (in shares) at Jun. 30, 2020           1,600,000 33,528,000              
Ending balance at Jun. 30, 2020 302,138         $ 16 $ 335 525,846 $ (212,431)       $ (11,628)  
Beginning balance, temporary equity (in shares) at Mar. 31, 2020         5,031,000                  
Beginning balance, temporary equity at Mar. 31, 2020         $ 107,352                  
Redeemable noncontrolling interests in operating partnership, beginning balance at Mar. 31, 2020                           36,786
Increase (Decrease) in Temporary Equity [Roll Forward]                            
Equity-based compensation 1,499             $ 1,499           549
Issuance of restricted shares/units                           44
Temporary equity, net income (loss)                           (5,297)
Redemption value adjustment                           (22)
Ending balance, temporary equity (in shares) at Jun. 30, 2020   5,000,000.0     5,031,000                  
Ending balance, temporary equity at Jun. 30, 2020 $ 107,352       $ 107,352                  
Redeemable noncontrolling interests in operating partnership, ending balance at Jun. 30, 2020                           $ 32,060