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Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Dividends Declared | Common Stock Dividends—The following table summarizes the common stock dividends declared during the period (in thousands):
|  |  | Year Ended December 31,
|  |  |  |  | 2020 |  | 2019 |  | 2018
Common stock dividends declared |  |  |  |  | $ | — |  |  | $21,302 |  | $ | 20,695 |
Claw back of dividends on cancelled Performance Stock Units |  |  |  |  | (202) |  |  | — |  | — |
The following table summarizes dividends declared (in thousands):
|  |  | Year Ended December 31, |
|  |  |  |  | 2020 |  | 2019 |  | 2018 |
Series D Cumulative Preferred Stock |  |  |  |  | $ | 3,300 |  |  | $ | 3,300 |  |  | $ | 376 |  |
Schedule of Issuance Activity | The issuance activity is summarized below (in thousands):
|  |  | Year Ended December 31, |  |
|  |  | 2020 |  |
Common shares issued |  |  | 4,729 |  |  |
Gross proceeds received |  |  | $ | 14,717 |  |  |
Commissions and other expenses |  |  | 184 |  |  |
Net proceeds |  |  | $ | 14,533 |  |  |
Summarized Financial Information | The following table summarizes our carrying value and ownership interest in OpenKey:
| December 31, 2020 |  | December 31, 2019
Carrying value of the investment in OpenKey (in thousands) | $ | 1,708 |  |  | $ | 1,899 |
Ownership interest in OpenKey | 8.2 | % |  | 8.6 | %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
|  |  |  | Year Ended December 31,
Line Item |  |  |  |  |  | 2020 |  | 2019 |  | 2018
Equity in earnings (loss) of unconsolidated entity |  |  |  |  |  | $ | (217) |  |  | $ | (199) |  |  | $ | (234) |
The following table summarizes the (income) loss allocated to noncontrolling interest in consolidated entities (in thousands):
|  |  |  | Year Ended December 31,
|  |  |  |  |  | 2020 |  | 2019 |  | 2018
(Income) loss from consolidated entities attributable to noncontrolling interests |  |  |  |  |  | $ | 6,436 |  |  | $ | (2,032) |  |  | $ | (2,016) |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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