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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Preferred Stock 7.50% Series B Cumulative Redeemable - Liquidation Preference $25.00 per Share
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance (in shares) at Dec. 31, 2017   8,000,000 397,831,000      
Balance at Dec. 31, 2017 $ 3,261,636 $ 80 $ 3,978 $ 3,227,304 $ (578,950) $ 609,224
Increase (Decrease) in Stockholders' Equity            
Net income 83,395       83,395  
Issuance of common stock, net of expenses (in shares)     849,000      
Issuance of common stock, net of expenses 1,230   $ 6 1,224    
Repurchase of shares of common stock (in shares) [1]     (251,000)      
Repurchase of shares of common stock [1] (1,957)     (1,957)    
Equity based compensation expense 549     549    
Accrued dividends attributable to stock-based awards 430     430    
Dividends declared on common stock ($0.20 per share) (79,686)       (79,686)  
Dividends declared on preferred stock ($0.46875 per share) (3,750)       (3,750)  
Dividends attributable to dividend equivalents (217)       (217)  
Change in unrealized gains on MBS, net (46,163)         (46,163)
Derivative hedging instrument fair value changes, net 19,669         19,669
Balance (in shares) at Mar. 31, 2018   8,000,000 398,429,000      
Balance at Mar. 31, 2018 3,235,431 $ 80 $ 3,984 3,227,550 (578,913) 582,730
Balance (in shares) at Dec. 31, 2017   8,000,000 397,831,000      
Balance at Dec. 31, 2017 3,261,636 $ 80 $ 3,978 3,227,304 (578,950) 609,224
Increase (Decrease) in Stockholders' Equity            
Net income 153,790          
Dividends declared on preferred stock ($0.46875 per share) (7,500)          
Balance (in shares) at Jun. 30, 2018   8,000,000 398,533,000      
Balance at Jun. 30, 2018 3,206,613 $ 80 $ 3,985 3,230,055 (592,218) 564,711
Increase (Decrease) in Stockholders' Equity            
Adjustments related to tax withholding for share-based compensation     $ 2,000      
Shares paid for tax withholding for share based compensation (in shares)     250,946      
Balance (in shares) at Mar. 31, 2018   8,000,000 398,429,000      
Balance at Mar. 31, 2018 3,235,431 $ 80 $ 3,984 3,227,550 (578,913) 582,730
Increase (Decrease) in Stockholders' Equity            
Net income 70,395       70,395  
Issuance of common stock, net of expenses (in shares)     104,000      
Issuance of common stock, net of expenses 481   $ 1 480    
Repurchase of shares of common stock (in shares) [1]     0      
Repurchase of shares of common stock [1] 0     0    
Equity based compensation expense 2,255     2,255    
Accrued dividends attributable to stock-based awards (230)     (230)    
Dividends declared on common stock ($0.20 per share) (79,706)       (79,706)  
Dividends declared on preferred stock ($0.46875 per share) (3,750)       (3,750)  
Dividends attributable to dividend equivalents (244)       (244)  
Change in unrealized gains on MBS, net (25,934)         (25,934)
Derivative hedging instrument fair value changes, net 7,915         7,915
Balance (in shares) at Jun. 30, 2018   8,000,000 398,533,000      
Balance at Jun. 30, 2018 3,206,613 $ 80 $ 3,985 3,230,055 (592,218) 564,711
Balance (in shares) at Dec. 31, 2018   8,000,000 449,787,000      
Balance at Dec. 31, 2018 3,416,101 $ 80 $ 4,498 3,623,275 (632,040) 420,288
Increase (Decrease) in Stockholders' Equity            
Net income 88,857       88,857  
Issuance of common stock, net of expenses (in shares)     1,066,000      
Issuance of common stock, net of expenses 551   $ 7 544    
Repurchase of shares of common stock (in shares) [1]     (370,000)      
Repurchase of shares of common stock [1] (2,610)     (2,610)    
Equity based compensation expense 992     992    
Accrued dividends attributable to stock-based awards 435     435    
Dividends declared on common stock ($0.20 per share) (90,097)       (90,097)  
Dividends declared on preferred stock ($0.46875 per share) (3,750)       (3,750)  
Dividends attributable to dividend equivalents (256)       (256)  
Change in unrealized gains on MBS, net 5,094         5,094
Derivative hedging instrument fair value changes, net (10,786)         (10,786)
Balance (in shares) at Mar. 31, 2019   8,000,000 450,483,000      
Balance at Mar. 31, 2019 3,404,531 $ 80 $ 4,505 3,622,636 (637,286) 414,596
Balance (in shares) at Dec. 31, 2018   8,000,000 449,787,000      
Balance at Dec. 31, 2018 3,416,101 $ 80 $ 4,498 3,623,275 (632,040) 420,288
Increase (Decrease) in Stockholders' Equity            
Net income $ 181,897          
Repurchase of shares of common stock (in shares) 0          
Dividends declared on preferred stock ($0.46875 per share) $ (7,500)          
Balance (in shares) at Jun. 30, 2019   8,000,000 450,622,000      
Balance at Jun. 30, 2019 3,403,373 $ 80 $ 4,506 3,625,399 (638,396) 411,784
Increase (Decrease) in Stockholders' Equity            
Adjustments related to tax withholding for share-based compensation     $ 2,600      
Shares paid for tax withholding for share based compensation (in shares)     370,244      
Balance (in shares) at Mar. 31, 2019   8,000,000 450,483,000      
Balance at Mar. 31, 2019 3,404,531 $ 80 $ 4,505 3,622,636 (637,286) 414,596
Increase (Decrease) in Stockholders' Equity            
Net income 93,040       93,040  
Issuance of common stock, net of expenses (in shares)     139,000      
Issuance of common stock, net of expenses 586   $ 1 585    
Repurchase of shares of common stock (in shares) [1]     0      
Repurchase of shares of common stock [1] 0     0    
Equity based compensation expense 2,438     2,438    
Accrued dividends attributable to stock-based awards (260)     (260)    
Dividends declared on common stock ($0.20 per share) (90,124)       (90,124)  
Dividends declared on preferred stock ($0.46875 per share) (3,750)       (3,750)  
Dividends attributable to dividend equivalents (276)       (276)  
Change in unrealized gains on MBS, net 17,637         17,637
Derivative hedging instrument fair value changes, net (20,449)         (20,449)
Balance (in shares) at Jun. 30, 2019   8,000,000 450,622,000      
Balance at Jun. 30, 2019 $ 3,403,373 $ 80 $ 4,506 $ 3,625,399 $ (638,396) $ 411,784
[1] For the six months ended June 30, 2018, includes approximately $2.0 million (250,946 shares) surrendered for tax purposes related to equity-based compensation awards.

The accompanying notes are an integral part of the consolidated financial statements.