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CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Shares [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated (Deficit) Earnings [Member]
Balance, in shares at Dec. 31, 2016   9,130,897 0    
Balance at Dec. 31, 2016 $ 141,677 $ 92 $ 0 $ 180,996 $ (39,411)
Shares Issued, Shares 4,194,968 4,194,968 [1] 0 [1]    
Shares Issued, Value [1] $ 59,103 $ 42 $ 0 59,061  
Offering costs $ (191)     (191)  
Stock Issued During Period, Shares, Restricted Stock Award, Gross 9,976 9,976 0    
Stock Issued During Period, Value, Restricted Stock Award, Gross $ 0 $ 0 $ 0 0  
Forfeiture of common shares to satisfy tax withholding obligations, shares (37) (37)      
Forfeiture of common shares to satisfy tax withholding obligations, value $ 0 $ 0   0  
Share based compensation $ 144     144  
Repurchase of common shares, shares 0        
Dividends declared [2] $ (13,934)       (13,934)
Net income (loss) 9,996 [3]       9,996
Balance, in shares at Sep. 30, 2017   13,335,804 0    
Balance at Sep. 30, 2017 196,795 $ 134 $ 0 240,010 (43,349)
Balance, in shares at Dec. 31, 2017   13,340,217 0    
Balance at Dec. 31, 2017 $ 192,703 $ 134 $ 0 240,062 (47,493)
Shares Issued, Shares 0        
Stock Issued During Period, Shares, Restricted Stock Award, Gross 13,144 13,144 0    
Stock Issued During Period, Value, Restricted Stock Award, Gross $ 0 $ 0 $ 0 0  
Forfeiture of common shares to satisfy tax withholding obligations, shares 0        
Share based compensation $ 149     149  
Repurchase of common shares, shares (649,887) (649,887) 0    
Repurchase of common shares, Value $ (7,251) $ (7) $ 0 (7,244)  
Dividends declared [2] (14,150)       (14,150)
Net income (loss) (1,221)       (1,221)
Balance, in shares at Sep. 30, 2018   12,703,474 0    
Balance at Sep. 30, 2018 $ 170,230 $ 127 $ 0 $ 232,967 $ (62,864)
[1] For the nine-month period ended September 30, 2017 proceeds from the issuance of shares is net of an underwriters' discount of $1.9 million and third-party agent commissions and fees of $0.2 million.
[2] For the three-month periods ended September 30, 2018 and 2017, dividends totaling $0.37 and $0.40, respectively, per common share outstanding, were declared. For the nine-month periods ended September 30, 2018 and 2017, dividends totaling $1.11 and $1.20, respectively, per common share outstanding, were declared.
[3] Conformed to current period presentation.