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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016 (in thousands):
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
102
 
$
57
 
$
304
 
$
162
 
Leasing Costs
 
 
40
 
 
38
 
 
120
 
 
83
 
Lease Intangibles (Asset)
 
 
3,802
 
 
2,973
 
 
11,209
 
 
8,030
 
Lease Intangibles (Liability)
 
 
(1,037)
 
 
(825)
 
 
(3,167)
 
 
(2,170)
 
Total
 
$
2,907
 
$
2,243
 
$
8,466
 
$
6,105
 
 
The following schedule represents estimated future amortization of deferred expenses as of September 30, 2017 (in thousands):
 
Year Ending December 31,
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(remaining)
 
2018
 
2019
 
2020
 
2021
 
Thereafter
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility Financing Costs
 
$
101
 
$
394
 
$
379
 
$
380
 
$
21
 
$
-
 
$
1,275
 
Leasing Costs
 
 
41
 
 
181
 
 
218
 
 
204
 
 
188
 
 
769
 
 
1,601
 
Lease Intangibles (Asset)
 
 
4,538
 
 
18,214
 
 
17,542
 
 
17,073
 
 
16,384
 
 
111,169
 
 
184,920
 
Lease Intangibles (Liability)
 
 
(1,105)
 
 
(4,348)
 
 
(4,274)
 
 
(4,173)
 
 
(3,880)
 
 
(12,749)
 
 
(30,529)
 
Total
 
$
3,575
 
$
14,441
 
$
13,865
 
$
13,484
 
$
12,713
 
$
99,189
 
$
157,267
 
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
 
Nine Months Ended
 
 
 
September 30, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
 
Weighted average number of common shares outstanding
 
 
28,792,158
 
 
23,674,133
 
 
27,207,725
 
 
22,254,439
 
Less: Unvested restricted stock
 
 
(219,136)
 
 
(220,050)
 
 
(219,136)
 
 
(220,050)
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
28,573,022
 
 
23,454,083
 
 
26,988,589
 
 
22,034,389
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
28,573,022
 
 
23,454,083
 
 
26,988,589
 
 
22,034,389
 
Effect of dilutive securities: restricted stock
 
 
83,662
 
 
109,248
 
 
80,763
 
 
92,940
 
Weighted average number of common shares outstanding used in diluted earnings per share
 
 
28,656,684
 
 
23,563,331
 
 
27,069,352
 
 
22,127,329