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Equity (Tables)
12 Months Ended
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,
202020192018
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,
202020192018
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 issued4,729 
Gross proceeds received$14,717 
Commissions and other expenses184 
Net proceeds$14,533 
Summarized Financial Information
The following table summarizes our carrying value and ownership interest in OpenKey:
December 31, 2020December 31, 2019
Carrying value of the investment in OpenKey (in thousands)$1,708 $1,899 
Ownership interest in OpenKey8.2 %8.6 %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
Year Ended December 31,
Line Item202020192018
Equity in earnings (loss) of unconsolidated entity$(217)$(199)$(234)
The following table summarizes the (income) loss allocated to noncontrolling interest in consolidated entities (in thousands):
Year Ended December 31,
202020192018
(Income) loss from consolidated entities attributable to noncontrolling interests$6,436 $(2,032)$(2,016)