Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, 2018 and 2017 is summarized as follows:

	2019			2018			2017
Current:
Federal	$	(70	)	$	(60	)	$	(107	)
State and local	(1,309		)	(1,668		)	(1,810		)
	$	(1,379	)	$	(1,728	)	$	(1,917	)

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:

	2019			2018			2017
Federal provision at statutory tax rate (21% for 2019 and 2018 and 34% for 2017)	$	(73	)	$	(65	)	$	(182	)
State and local taxes, net of federal benefit	(10		)	(11		)	(40		)
Other	(1,296		)	(1,652		)	(1,695		)
	$	(1,379	)	$	(1,728	)	$	(1,917	)

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, 2019, is as follows:

	2019			2018			2017
Total dividends per share	$	0.485		$	0.710		$	0.700
Ordinary income	61.07		%	87.89		%	59.93		%
Qualifying dividend	0.22		%	0.14		%	0.15		%
Capital gain	—			—			—
Return of capital	38.71		%	11.97		%	39.92		%
	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, 2019, is as follows:

	2019			2018			2017
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	99.64		%	99.84		%	99.75		%
Qualifying dividend	0.36		%	0.16		%	0.25
Capital gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%