Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019 is summarized as follows:

	2021		2020		2019
Current:
Federal	$	(26)	$	(173)	$	(70)
State and local	(1,267)		(1,411)		(1,309)
	$	(1,293)	$	(1,584)	$	(1,379)

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:

	2021		2020		2019
Federal provision at statutory tax rate (21%)	$	(35)	$	(195)	$	(73)
State and local taxes, net of federal benefit	—		(77)		(10)
Other	(1,258)		(1,312)		(1,296)
	$	(1,293)	$	(1,584)	$	(1,379)

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 3-year period ended December 31, 2021, is as follows:

	2021			2020			2019
Total dividends per share	$	0.430		$	0.420		$	0.485
Ordinary income	65.89		%	95.1		%	61.07		%
Qualifying dividend	0.10		%	0.6		%	0.22		%
Capital gain	—			—			—
Return of capital	34.01		%	4.3		%	38.71		%
	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 3-year period ended December 31, 2021, is as follows:

	2021			2020			2019
Total dividends per share	$	3.25		$	3.25		$	3.25
Ordinary income	99.84		%	99.38		%	99.64		%
Qualifying dividend	0.16		%	0.62		%	0.36		%
Capital gain	—			—			—
Return of capital	—			—			—
	100.00		%	100.00		%	100.00		%