Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v2.4.0.8
Equity (Tables)
 6 Months Ended
Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Dividends Declared by Board of Directors

Our board of directors declared the following dividends in 2013 and 2014:

 

Announced Date

    Record Date    Pay Date    Amount per
share		  

8/8/13

    8/20/13    8/29/13    $ 0.06   

1/7/13

    11/18/13    11/22/13    $ 0.14   

2/17/13

    12/30/13    1/10/14    $ 0.22   

3/13/14

    3/27/14    4/9/14    $ 0.22   

6/17/14

    6/27/14    7/10/14    $ 0.22   
Schedule of Common Stock Public Offerings

We completed the following public offerings of common stock(1):

 

Closing Date    Shares Issued     

Price

Per Share

      Net Proceeds  
     (amounts in thousands, except per share amounts)  

4/23/13

      14,152       $ 12.50       $ 160.0   

4/29/14

      5,750       $ 13.00       $ 70.4   

 

(1)  Includes shares issued in connection with the exercise of the underwriters’ option to purchase additional shares. Net proceeds from the offerings is shown after deducting underwriting discounts, commissions, other offering costs and, in the case of our initial public offering, formation transaction costs.
Summary of Unvested Shares of Restricted Common Stock

A summary of the unvested shares of restricted common stock that have been issued, as of June 30, 2014, is as follows:

 

     Restricted Shares of
Common Stock		     Value (000’s)  

Beginning Balance—December 31, 2013

      598,815      $ 7,484   

Granted

      522,600      $ 7,410   

Vested

      (147,009 )    $ (1,838 ) 

Forfeited

      —        $ —     
  

 

 

    

 

 

  

Ending Balance—June 30, 2014

      974,406      $ 13,057   
  

 

 

    

 

 

  
Schedule of Changes in Accumulated OCI by Component

Accumulated OCI is the cumulative total OCI that is included as a component of shareholder’s equity. The following represents changes in accumulated OCI by component as of June 30, 2014.

 

     Unrealized Gains/
(Loss) on
Residual Assets 		    Unrealized Gains/
(Losses) on
Investments
Available-for-Sale		     Less
Noncontrolling
Interest		     Total  
     (amounts in thousands)  

Balances as of December 31, 2013

    $ 113      $ —        $ (3 )    $ 110   

Other comprehensive income before reclassifications, net

      (46 )      3,314        (61 )      3,207   

Amounts reclassified from accumulated OCI

      —          (1,030 )      19        (1,011 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balances as of June 30, 2014

    $ 67      $ 2,284      $ (45 )    $ 2,306