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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Schedule of cash dividends declared on common stock
The following table presents cash dividends declared by the Company on its common stock from January 1, 2011 through December 31, 2013:
 
Year
 
Declaration Date 
 
Record Date
 
Payment Date
 
Dividend Per Share
 
2013
 
December 11, 2013
 
December 31, 2013
 
January 31, 2014
 
$
0.20

(1)
 
 
September 26, 2013
 
October 11, 2013
 
October 31, 2013
 
0.22

 
 
 
August 1, 2013
 
August 12, 2013
 
August 30, 2013
 
0.28

(2)
 
 
June 28, 2013
 
July 12, 2013
 
July 31, 2013
 
0.22

 
 
 
March 28, 2013
 
April 12, 2013
 
April 30, 2013
 
0.22

 
 
 
March 4, 2013
 
March 18, 2013
 
April 10, 2013
 
0.50

(3)
 
 
 
 
 
 
 
 
 
 
2012
 
December 12, 2012
 
December 28, 2012
 
January 31, 2013
 
$
0.20

 
 
 
September 28, 2012
 
October 12, 2012
 
October 31, 2012
 
0.21

 
 
 
June 27, 2012
 
July 13, 2012
 
July 31, 2012
 
0.23

 
 
 
March 23, 2012
 
April 4, 2012
 
April 30, 2012
 
0.24


 
 
 
 
 
 
 
 
 
 
2011
 
December 14, 2011
 
December 30, 2011
 
January 31, 2012
 
$
0.27

(4)
 
 
September 26, 2011
 
October 11, 2011
 
October 31, 2011
 
0.25

 
 
 
June 30, 2011
 
July 14, 2011
 
July 29, 2011
 
0.25

 
 
 
March 31, 2011
 
April 11, 2011
 
April 29, 2011
 
0.24

 


(1)  At December 31, 2013, the Company had accrued dividends and DERs payable of $73.6 million related to the common stock dividend declared on December 11, 2013.
(2) Reflects the special cash dividend on common stock declared on August 1, 2013.
(3) Reflects the special cash dividend on common stock declared on March 4, 2013.
(4)  Includes a special dividend of $0.02 per share.
Schedule of public offering of common stock
The table below presents information with respect to shares of the Company’s common stock issued through a public offering during the three years ended December 31, 2013:
 
Share Issue Date (1)
 
Shares Issued
 
Gross Proceeds
Per Share
 
Gross Proceeds
 
(In Thousands, Except Per Share Amounts)
 
 
 
 
 
 
  
March 11, 2011
 
74,750

 
$
8.10

 
$
605,475

(2)

(1) The Company did not issue any shares of common stock through public offerings during the years ended December 31, 2013 and 2012.
(2) The Company incurred approximately $438,000 of expenses in connection with this equity offering.
Schedule of accumulated other comprehensive income/(loss)
The following table presents changes in the balances of each component of the Company’s AOCI for the years ended December 31, 2013, 2012 and 2011:

 
 
For the Year Ended December 31,
 
 
2013
 
2012
 
2011
(In Thousands)
 
Net Unrealized
Gain/(Loss) on
Available-for-Sale MBS
 
Net 
Unrealized
Gain/(Loss)
on Swaps
 
Total 
AOCI
 
Net 
Unrealized
Gain/(Loss) on
Available-for-Sale MBS
 
Net 
Unrealized
Gain/(Loss)
on Swaps
 
Total 
AOCI
 
Net 
Unrealized
Gain/(Loss) on
Available-for-Sale MBS
 
Net 
Unrealized
Gain/(Loss)
on Swaps
 
Total 
AOCI
Balance at beginning of period
 
$
824,808

 
$
(62,831
)
 
$
761,977

 
$
55,491

 
$
(114,194
)
 
$
(58,703
)
 
$
393,822

 
$
(139,142
)
 
$
254,680

OCI before reclassifications
 
(52,063
)
 
47,614

 
(4,449
)
 
778,010

 
51,363

 
829,373

 
(320,261
)
 
24,948

 
(295,313
)
Amounts reclassified from AOCI (1)
 
(19,833
)
 
—

 
(19,833
)
 
(8,693
)
 
—

 
(8,693
)
 
(18,070
)
 
—

 
(18,070
)
Net OCI during period (2)
 
(71,896
)
 
47,614

 
(24,282
)
 
769,317

 
51,363

 
820,680

 
(338,331
)
 
24,948

 
(313,383
)
Balance at end of period
 
$
752,912

 
$
(15,217
)
 
$
737,695

 
$
824,808

 
$
(62,831
)
 
$
761,977

 
$
55,491

 
$
(114,194
)
 
$
(58,703
)


(1)  See separate table below for details about these reclassifications.
(2)  For further information regarding changes in OCI, see the Company’s consolidated statement of comprehensive income/(loss).
 
Schedule of significant amounts reclassified out of AOCI
The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the years ended December 31, 2013, 2012, and 2011:

 
 
For the Year Ended December 31,
 
 
 
 
2013
 
2012
 
2011
 
 
Details about AOCI Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in the Statement
Where Net Income is Presented
(In Thousands)
 
 
 
 
 
 
 
 
Available-for-sale MBS:
 
 
 
 
 
 
 
 
Realized gain on sale of securities
 
$
(19,833
)
 
$
(7,493
)
 
$
(7,500
)
 
Gain on sales of MBS and U.S. Treasury securities, net
OTTI recognized in earnings
 
—

 
(1,200
)
 
(10,570
)
 
Net impairment losses recognized in earnings
Total reclassifications for period
 
$
(19,833
)
 
$
(8,693
)
 
$
(18,070
)