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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, 2018   12,507,213 0    
Balance at Dec. 31, 2018 $ 153,822 $ 125 $ 0 $ 230,888 $ (77,191)
Share based compensation $ 53     53  
Repurchase of common shares, shares (40,110) (40,110) 0    
Repurchase of common shares, Value $ (414) $ 0 $ 0 (414)  
Dividends declared [1] (4,239)       (4,239)
NET INCOME (LOSS) 8,928       8,928
Balance, in shares at Mar. 31, 2019   12,467,103 0    
Balance at Mar. 31, 2019 158,150 $ 125 $ 0 230,527 (72,502)
Balance, in shares at Dec. 31, 2019   12,455,758 0    
Balance at Dec. 31, 2019 160,844 $ 124 $ 0 230,358 (69,638)
Share based compensation $ 59     59  
Repurchase of common shares, shares (136,142) (136,142)      
Repurchase of common shares, Value $ (986) $ (1)   (985)  
Dividends declared [1] (3,449)       (3,449)
NET INCOME (LOSS) (16,745)       (16,745)
Balance, in shares at Mar. 31, 2020   12,319,616 0    
Balance at Mar. 31, 2020 $ 139,723 $ 123 $ 0 $ 229,432 $ (89,832)
[1]
For the three-month periods ended March 31, 2020 and 2019, dividends totaling $0.28 and $0.34, respectively, per common share outstanding, were declared.