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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net Interest Income      
Interest income $ 124,291 $ 123,756 $ 152,704
Interest expense 48,373 32,430 27,605
Net Interest Income 75,918 91,326 125,099
Other Income (Loss)      
Realized gain (loss) on sale of investments, net 20,598 (21,991) 8,279
Other than temporary impairment (22,873) (32,286) (19,791)
Unrealized gain (loss), net 28,396 (17,107) (34,011)
Gain (loss) on derivative instruments, net 3,292 (20,735) (68,895)
Other, net 1,031 180 2,318
Other Income (Loss) 30,444 (91,939) (112,100)
Expenses      
Management fee to affiliate 8,100 10,448 10,874
Other operating expenses 2,419 1,045 2,014
Compensation expense 2,692 3,022 3,762
Professional fees 3,242 4,814 4,368
Other general and administrative expenses 1,325 1,917 1,465
Total general and administrative expenses 7,259 9,753 9,595
Total Expenses 17,778 21,246 22,483
Income (loss) before income taxes 88,584 (21,859) (9,484)
Income tax provision (benefit) 3,487 3,156 0
Net income (loss) $ 85,097 $ (25,015) $ (9,484)
Net income (loss) per common share - basic (in dollars per share) $ 2.03 $ (0.61) $ (0.25)
Net income (loss) per common share - diluted (in dollars per share) $ 2.03 $ (0.61) $ (0.25)