Quarterly report pursuant to Section 13 or 15(d)

10% Series B Redeemable Preferred Stock (Tables)

v3.10.0.1
10% Series B Redeemable Preferred Stock (Tables)
9 Months Ended
Sep. 30, 2018
Temporary Equity Disclosure [Abstract]  
Schedule of Mezzanine Equity for the Series B Preferred Stock
The Company reflected the following in mezzanine equity for the Series B Preferred Stock as of September 30, 2018:

 
Series B Preferred Shares
 
 Series B Preferred Stock
 
Guaranteed Return
 
Total
 
(In thousands, except share data)
December 31, 2017
150,626

 
$
140,158

 
$
710

 
$
140,868

Return (16% IRR)

 

 
16,510

 
16,510

Dividends declared and paid or payable in cash

 

 
(6,827
)
 
(6,827
)
Dividends declared and paid-in-kind
4,554

 
4,554

 
(4,554
)
 

Accretion of discount - deemed dividend

 
984

 

 
984

September 30, 2018
155,180

 
$
145,696

 
$
5,839

 
$
151,535