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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The following schedule summarizes the Company’s amortization of deferred expenses for the three and six months ended June 30, 2017 and 2016 (in thousands):
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
104
 
$
53
 
$
202
 
$
105
 
Leasing Costs
 
 
40
 
 
24
 
 
80
 
 
47
 
Lease Intangibles (Asset)
 
 
3,890
 
 
2,808
 
 
7,330
 
 
5,063
 
Lease Intangibles (Liability)
 
 
(1,041)
 
 
(781)
 
 
(2,053)
 
 
(1,351)
 
Total
 
$
2,993
 
$
2,104
 
$
5,559
 
$
3,864
 
 
The following schedule represents estimated future amortization of deferred expenses as of June 30, 2017 (in thousands):
 
Year Ending December 31,
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(remaining)
 
2018
 
2019
 
2020
 
2021
 
Thereafter
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
192
 
$
380
 
$
379
 
$
380
 
$
21
 
$
-
 
$
1,352
 
Leasing Costs
 
 
80
 
 
179
 
 
211
 
 
191
 
 
175
 
 
710
 
 
1,546
 
Lease Intangibles (Asset)
 
 
8,342
 
 
16,919
 
 
16,391
 
 
16,019
 
 
15,330
 
 
99,927
 
 
172,928
 
Lease Intangibles (Liability)
 
 
(2,150)
 
 
(4,182)
 
 
(4,108)
 
 
(4,007)
 
 
(3,714)
 
 
(12,025)
 
 
(30,186)
 
Total
 
$
6,464
 
$
13,296
 
$
12,873
 
$
12,583
 
$
11,812
 
$
88,612
 
$
145,640
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
 
Weighted average number of common shares outstanding
 
 
26,619,350
 
 
22,406,775
 
 
26,402,377
 
 
21,536,791
 
Less: Unvested restricted stock
 
 
(229,647)
 
 
(221,250)
 
 
(229,647)
 
 
(221,250)
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
26,389,703
 
 
22,185,525
 
 
26,172,730
 
 
21,315,541
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
26,389,703
 
 
22,185,525
 
 
26,172,730
 
 
21,315,541
 
Effect of dilutive securities: restricted stock
 
 
67,637
 
 
79,614
 
 
67,490
 
 
69,557
 
Weighted average number of common shares outstanding used in diluted earnings per share
 
 
26,457,340
 
 
22,265,139
 
 
26,240,220
 
 
21,385,098