Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v2.4.0.8
Equity (Tables)
 9 Months Ended
Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based 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   

11/7/13

    11/18/13    11/22/13    $ 0.14   

12/17/13

    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   

9/16/14

    9/26/14    10/9/14    $ 0.22   
Schedule of Common Stock Public Offerings

We completed the following public offerings of common stock1:

 

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   

10/27/14

      4,600       $ 13.60       $ 58.9   

 

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 September 30, 2014, is as follows:

 

     Restricted Shares of
Common Stock 		    Value (000’s)  

Beginning Balance - December 31, 2013

      598,815      $ 7,484   

Granted

      529,100      $ 7,504   

Vested

      (147,009 )    $ (1,838 ) 

Forfeited

      (7,386 )    $ (98 ) 
  

 

 

    

 

 

  

Ending Balance - September 30, 2014

      973,520      $ 13,052   
  

 

 

    

 

 
Schedule of Changes in Accumulated OCI by Component, Net of Tax

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, net of tax, if any, as of September 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

      (114 )      2,146        (35 )      1,997   

Amounts reclassified from accumulated OCI, net

      —          (1,342 )      22        (1,320 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balances as of September 30, 2014

    $ (1 )    $ 804      $ (16 )    $ 787