Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company's provision for income taxes for the years ended December 31, 2016, 2015 and 2014 is summarized as follows:

	2016			2015			2014
Current:
Federal	$	(140	)	$	—		$	145
State and local	(1,299		)	(645		)	(1,130		)
NOL utilized	59			—			—
Deferred:
Federal	(44		)	59			(91		)
State and local	(15		)	18			(33		)
	$	(1,439	)	$	(568	)	$	(1,109	)

Statutory Accounting Practices Disclosure

The income tax provision differs from the amount computed by applying the statutory federal income tax rate to pre-tax operating income as follows:

	2016			2015			2014
Federal provision at statutory tax rate (34%)	$	(154	)	$	65		$	(43	)
State and local taxes, net of federal benefit	(30		)	12			(9		)
Other	(1,255		)	(645		)	(1,057		)
	$	(1,439	)	$	(568	)	$	(1,109	)

Summary of Average Taxable Nature of Dividends

A summary of the average taxable nature of the Company's common dividends for each of the years in the three-year period ended December 31, 2016, is as follows:

	2016			2015			2014
Total dividends per share	$	0.685		$	0.68		$	0.67
Ordinary income	96.73		%	63.07		%	49.44		%
Qualifying dividend	0.22		%	—			0.05		%
Capital gain	—			—			—
Return of capital	3.05		%	36.93		%	50.51		%
	100.00		%	100.00		%	100.00		%

A summary of the average taxable nature of the Company's dividend on shares of its Series C Preferred for each of the years in the three-year period ended December 31, 2016, is as follows:

	2016			2015			2014
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	99.78		%	100.00		%	99.90		%
Qualifying dividend	0.22		%	—			0.10		%
Capital gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%