Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Reconciliation of Earnings Attributable to Common Shares Outstanding for the Basic and Diluted EPS

The Trust calculated earnings per share in accordance with relevant accounting guidance for participating securities and the two class method. The reconciliation of earnings attributable to Common Shares outstanding for the basic and diluted earnings per share calculation is as follows (in thousands, except per share data):

	Seven Months Ended			Year Ended
	July 31, 2014			December 31, 2013
Basic
Income (loss) from continuing operations	$	(2,572	)	$	15,716
Loss attributable to non-controlling interest		3,764			4,251
Preferred dividend of Series D Preferred Shares		(6,502	)		(11,146	)
Amount allocated to Restricted Shares		(192	)		(307	)
Income (loss) from continuing operations applicable to Common Shares		(5,502	)		8,514
Income from discontinued operations		11,235			8,772
Loss attributable to non-controlling interest from discontinued operations		54			39
Net income attributable to Common Shares for earnings per share purposes	$	5,787		$	17,325
Basic weighted-average Common Shares		35,821			33,743
Income (loss) from continuing operations	$	(0.15	)	$	0.25
Income from discontinued operations		0.31			0.26
Net income per Common Share—basic	$	0.16		$	0.51
Diluted
Income (loss) from continuing operations	$	(2,572	)	$	15,716
Loss attributable to non-controlling interest		3,764			4,251
Preferred dividend of Series D Preferred Shares		(6,502	)		(11,146	)
Amount allocated to Restricted Shares		(192	)		(307	)
Income (loss) from continuing operations applicable to Common Shares		(5,502	)		8,514
Income from discontinued operations		11,235			8,772
Loss attributable to non-controlling interest from discontinued operations		54			39
Net income attributable to Common Shares for earnings per share purposes	$	5,787		$	17,325
Basic weighted-average Common Shares		35,821			33,743
Stock options (1)		—			—
Restricted Shares (2)		—			31
Diluted weighted-average Common Shares		35,821			33,774
Income (loss) from continuing operations	$	(0.15	)	$	0.25
Income from discontinued operations		0.31			0.26
Net income per Common Share—diluted	$	0.16		$	0.51

(1) The Trust’s stock options were exercised in 2013. The resulting shares were included in the basic weighted average Common Shares for the seven months ended July 31, 2014 and the year ended December 31, 2013.

(2) The Trust’s Restricted Shares were issued in 2013. The Trust’s Restricted Shares were anti-dilutive for the seven months ended July 31, 2014 and were not included in the weighted-average shares outstanding for the calculation of diluted earnings per Common Share. The Trust’s Restricted Shares were dilutive for the year ended December 31, 2013. The amendments to the Restricted Shares discussed in Note 20 had no impact on the calculation of earnings per share for the periods presented.