Equity (Tables)

3 Months Ended

Mar. 31, 2015

Equity

Schedule of equity

Equity activity was as follows (in thousands):

	Total
	Equity
Balance at December 31, 2014	$	660,121
Net income		17,552
Vesting of stock option and restricted common stock		982
Reclassification adjustment		(9)
Preferred stock dividends		(818)
Common stock dividends		(18,116)
Other		(328)
Balance at March 31, 2015	$	659,384

Schedule of cash dividends declared and paid

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

	Three Months Ended March 31, 2015				Three Months Ended March 31, 2014
	Declared		Paid		Declared		Paid
Preferred Stock Series C	$	818	$	818	$	818	$	818
Common Stock(1)		18,116		18,116		17,742		17,742
Total	$	18,934	$	18,934	$	18,560	$	18,560

Represents $0.17per share per month for each of the three months ended March 31, 2015 and 2014, respectively.

Schedule of restricted stock granted

		Price per
Year	No. of Shares	Share		Vesting Period
2015
	65,750	$	44.45	ratably over 3 years
	65,750
2014
	59,000	$	36.81	ratably over 3 years
	3,000	$	38.43	ratably over 3 years
	62,000