CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands |
Total |
Common Shares [Member] |
Preferred Stock [Member] |
Additional Paid-in Capital [Member] |
Accumulated (Deficit) Earnings [Member] |
| Balance, in shares at Dec. 31, 2012 |
|
1,633,378
|
0
|
|
|
| Balance at Dec. 31, 2012 |
$ 30,964
|
$ 16
|
$ 0
|
$ 32,674
|
$ (1,726)
|
| Issuance of common shares, shares |
7,500,000
|
7,500,000
|
0
|
|
|
| Issuance of common shares, value |
$ 150,000
|
$ 75
|
$ 0
|
149,925
|
|
| Issuance of restricted shares, shares |
6,464
|
6,464
|
0
|
|
|
| Issuance of restricted shares, value |
$ 0
|
$ 0
|
$ 0
|
0
|
|
| Share based compensation |
$ 46
|
|
|
46
|
|
| Repurchase of common shares, shares |
0
|
|
|
|
|
| Offering costs |
$ (1,498)
|
|
|
(1,498)
|
|
| Dividends declared |
(10,418)
|
|
|
|
(10,418)
|
| Net income (loss) |
(1,914)
|
|
|
|
(1,914)
|
| Balance, in shares at Dec. 31, 2013 |
|
9,139,842
|
0
|
|
|
| Balance at Dec. 31, 2013 |
$ 167,180
|
$ 91
|
$ 0
|
181,147
|
(14,058)
|
| Issuance of common shares, shares |
0
|
|
|
|
|
| Issuance of restricted shares, shares |
9,432
|
9,432
|
0
|
|
|
| Issuance of restricted shares, value |
$ 0
|
$ 0
|
$ 0
|
0
|
|
| Share based compensation |
$ 135
|
|
|
135
|
|
| Repurchase of common shares, shares |
0
|
|
|
|
|
| Dividends declared |
$ (20,118)
|
|
|
|
(20,118)
|
| Net income (loss) |
16,168
|
|
|
|
16,168
|
| Balance, in shares at Dec. 31, 2014 |
|
9,149,274
|
0
|
|
|
| Balance at Dec. 31, 2014 |
$ 163,365
|
$ 91
|
$ 0
|
181,282
|
(18,008)
|
| Issuance of common shares, shares |
0
|
|
|
|
|
| Issuance of restricted shares, shares |
15,390
|
15,390
|
0
|
|
|
| Issuance of restricted shares, value |
$ 1
|
$ 1
|
$ 0
|
0
|
|
| Share based compensation |
$ 120
|
|
|
120
|
|
| Repurchase of common shares, shares |
(29,561)
|
(29,561)
|
0
|
|
|
| Repurchase of common shares, Value |
$ (375)
|
$ 0
|
$ 0
|
(375)
|
|
| Dividends declared |
(18,286)
|
|
|
|
(18,286)
|
| Net income (loss) |
30
|
|
|
|
30
|
| Balance, in shares at Dec. 31, 2015 |
|
9,135,103
|
0
|
|
|
| Balance at Dec. 31, 2015 |
$ 144,855
|
$ 92
|
$ 0
|
$ 181,027
|
$ (36,264)
|