Annual report pursuant to Section 13 and 15(d)

Equity Transactions

v3.20.4
Equity Transactions
12 Months Ended
Dec. 31, 2020
Federal Home Loan Banks [Abstract]  
Equity Transactions
NOTE 19. EQUITY TRANSACTIONS
We account for stock-based compensation expense in accordance with FASB ASC Topic 718, “
Compensation-Stock Compensation
.” We recorded
non-cash
stock-based compensation expense of $0.3 million and $1.5 million to additional
paid-in
capital during the years ended December 31, 2020 and 2019, respectively.
The declaration of any future distributions and the establishment of the per share amount, record dates, and payment dates are subject to final determination by our Board and dependent upon future earnings, cash flows, financial and legal requirements, and other factors. On May 6, 2020 our Board voted to discontinue distributions on our common stock indefinitely due to the adverse economic impact of the
COVID-19
pandemic on our financial position, results of operations, and cash flows.
 
The following table shows distributions that have been declared and paid since January 1, 2019:
 
Announcement Date
  Payment Date   Amount Per
Share
  Cash Distributed
(in thousands)
March 10, 2020   March 31, 2020   $ 0.0250   $ 667
December 10, 2019   December 30, 2019   $ 0.0250   667
September 11, 2019   September 30, 2019   $ 0.0650   1,730
May 14, 2019   June 28, 2019   $ 0.0650   1,728
March 7, 2019   March 29, 2019   $ 0.0650   1,702