Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017, 2016 and 2015 is summarized as follows:

	2017			2016			2015
Current:
Federal	$	(107	)	$	(140	)	$	—
State and local	(1,810		)	(1,299		)	(645		)
NOL utilized	—			59			—
Deferred:
Federal	—			(44		)	59
State and local	—			(15		)	18
	$	(1,917	)	$	(1,439	)	$	(568	)

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:

	2017			2016			2015
Federal provision at statutory tax rate (34%)	$	(182	)	$	(154	)	$	65
State and local taxes, net of federal benefit	(40		)	(30		)	12
Other	(1,695		)	(1,255		)	(645		)
	$	(1,917	)	$	(1,439	)	$	(568	)

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, 2017, is as follows:

	2017			2016			2015
Total dividends per share	$	0.700		$	0.685		$	0.68
Ordinary income	59.93		%	96.73		%	63.07		%
Qualifying dividend	0.15		%	0.22		%	—
Capital gain	—			—			—
Return of capital	39.92		%	3.05		%	36.93		%
	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, 2017, is as follows:

	2017			2016			2015
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	99.75		%	99.78		%	100.00		%
Qualifying dividend	0.25		%	0.22		%	—
Capital gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%