Common Share Capitalization

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Common Share Capitalization

Common Share Capitalization

During the three month periods ended June 30, 2015 and 2014, the Board of Directors authorized dividends totaling $0.65 per share and $0.77 per share, respectively. Total dividends paid during the three month periods ended June 30, 2015 and 2014 were $22.2 million and $20.1 million, respectively. During the six month periods ended June 30, 2015 and 2014, the Board of Directors authorized dividends totaling $1.30 per share and $1.54 per share, respectively. Total dividends paid during the six month periods ended June 30, 2015 and 2014 were $44.3 million and $40.1 million, respectively.

Detailed below is a roll-forward of the Company's common shares outstanding for the three and six month periods ended June 30, 2015 and 2014:

	Three Month Period Ended June 30, 2015	Three Month Period Ended June 30, 2014	Six Month Period Ended June 30, 2015	Six Month Period Ended June 30, 2014
Common Shares Outstanding (3/31/2015, 3/31/2014, 12/31/2014, and 12/31/2013, respectively)	33,449,678	25,441,750	33,449,678	25,428,186
Share Activity:
Shares issued in connection with incentive fee payment	—	—	—	13,564
Common Shares Outstanding (6/30/2015, 6/30/2014, 6/30/2015, and 6/30/2014, respectively)	33,449,678	25,441,750	33,449,678	25,441,750

If all LTIP and OP Units that have been previously issued were to become fully vested and exchanged for common shares as of June 30, 2015 and 2014, the Company's issued and outstanding common shares would increase to 34,090,992 and 26,064,802 shares, respectively.