Quarterly report pursuant to Section 13 or 15(d)

10% Series B Redeemable Preferred Stock (Tables)

v3.20.2
10% Series B Redeemable Preferred Stock (Tables)
3 Months Ended
Mar. 31, 2020
Temporary Equity Disclosure [Abstract]  
Schedule of Mezzanine Equity for the Series B Preferred Stock
The Company reflected the following activity in mezzanine equity for the Series B Preferred Stock for the three months ended March 31, 2020:
 
Series B Preferred Shares
 
 Series B Preferred Stock Value
 
Guaranteed Return
 
Total
 
(In thousands, except share data)
Total Series B Preferred Stock at December 31, 2019
156,746

 
$
149,132

 
$
13,894

 
$
163,026

Discount - transaction costs

 

 

 

Base return amount

 

 
5,493

 
5,493

Accrued dividends

 
4,677

 
(4,677
)
 

Dividends declared and paid-in-kind

 

 

 

Accretion of discount - deemed dividend

 
405

 

 
405

Total Series B Preferred Stock at March 31, 2020
156,746

 
$
154,214

 
$
14,710

 
$
168,924