Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018, 2017 and 2016 is summarized as follows:

	2018			2017			2016
Current:
Federal	$	(60	)	$	(107	)	$	(140	)
State and local	(1,668		)	(1,810		)	(1,299		)
NOL utilized	—			—			59
Deferred:
Federal	—			—			(44		)
State and local	—			—			(15		)
	$	(1,728	)	$	(1,917	)	$	(1,439	)

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:

	2018			2017			2016
Federal provision at statutory tax rate (21% for 2018 and 34% for 2017 and 2016)	$	(65	)	$	(182	)	$	(154	)
State and local taxes, net of federal benefit	(11		)	(40		)	(30		)
Other	(1,652		)	(1,695		)	(1,255		)
	$	(1,728	)	$	(1,917	)	$	(1,439	)

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, 2018, is as follows:

	2018			2017			2016
Total dividends per share	$	0.710		$	0.700		$	0.685
Ordinary income	87.89		%	59.93		%	96.73		%
Qualifying dividend	0.14		%	0.15		%	0.22		%
Capital gain	—			—			—
Return of capital	11.97		%	39.92		%	3.05		%
	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, 2018, is as follows:

	2018			2017			2016
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	99.84		%	99.75		%	99.78		%
Qualifying dividend	0.16		%	0.25		%	0.22
Capital gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%