Equity (Tables)

6 Months Ended

Jun. 30, 2014

Equity

Schedule of equity

Equity activity was as follows (in thousands):

	Total Equity
Balance at December 31, 2013	$ 632,438
Net income	35,277
Vested Stock option and restricted common stock vesting	1,449
Stock option exercise	277
Reclassification adjustment	(18	)
Preferred stock dividends	(1,636	)
Common stock dividends	(35,504	)
Other	(7	)
Balance at June 30, 2014	$ 632,276

Schedule of cash dividends declared and paid

We declared and paid the following cash dividends (in thousands):

	Six months ended June 30, 2014		Six months ended June 30, 2013
	Declared	Paid	Declared	Paid
Preferred Stock Series C	$     1,636	$     1,636	$   1,636	$   1,636
Common Stock(1)	35,504	35,504	29,749	29,749
Total	$ 37,140	$ 37,140	$ 31,385	$ 31,385

(1)Represents $0.17 per share per month and $0.155 per share per month for the six months ended June 30, 2014 and 2013, respectively.