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Stock based payments and director fees (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of management fees and director fees
   

For the three months ended
June 30, 2015

   

For the six months ended
June 30, 2015

 
   

Number of
shares

   

Amount of
expense
recognized(1)

   

Number of
shares

   

Amount of
expense
recognized(1)

 
Management fees     29,790     $ 441       55,877     $ 814  
Independent director fees     1,740       25       3,488       50  
      31,530     $ 466       59,365     $ 864  

 

 

(1) All management fees and independent director fees are fully expensed in the period in which they are incurred.
Schedule of activity in restricted stock
   

Number
of shares

   

Per share
value

   

Total cost
of grant

   

Grant expense
recognized for the
three months ended
June 30, 2015

   

Grant expense
recognized for the
six months ended
June 30, 2015

 
July 8, 2014, Directors’ Grants(1)     6,000     $ 15.00     $ 90     $ 23     $ 45  
February 19, 2015 Director Grant(1)     2,000       14.25       29       7       12  
      8,000             $ 119     $ 30     $ 57  

 

 

(1) Vesting period is one year from grant date.