Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, 2019 and 2018 is summarized as follows:

	2020		2019		2018
Current:
Federal	$	(173)	$	(70)	$	(60)
State and local	(1,411)		(1,309)		(1,668)
	$	(1,584)	$	(1,379)	$	(1,728)

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:

	2020		2019		2018
Federal provision at statutory tax rate (21%)	$	(195)	$	(73)	$	(65)
State and local taxes, net of federal benefit	(77)		(10)		(11)
Other	(1,312)		(1,296)		(1,652)
	$	(1,584)	$	(1,379)	$	(1,728)

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, 2020, is as follows:

	2020			2019			2018
Total dividends per share	$	0.420		$	0.485		$	0.710
Ordinary income	95.10		%	61.07		%	87.89		%
Qualifying dividend	0.60		%	0.22		%	0.14		%
Capital gain	—			—			—
Return of capital	4.30		%	38.71		%	11.97		%
	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, 2020, is as follows:

	2020			2019			2018
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	99.38		%	99.64		%	99.84		%
Qualifying dividend	0.62		%	0.36		%	0.16
Capital gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%