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Combined Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net income $ 2,798 $ 37,176 $ 89,458 $ 85,820
Unrealized gains on securities, net of tax:        
Unrealized gain (loss) on real estate securities, available for sale [1] 16,697 (7,211) 20,732 30,511
Reclassification adjustment for (gains) included in net income [2] (705) (11,352) (24,851) (18,860)
Total other comprehensive income (loss) 15,992 (18,563) (4,119) 11,651
Comprehensive income 18,790 18,613 85,339 97,471
Comprehensive (income) loss attributable to noncontrolling interest in consolidated joint ventures 85 306 578 451
Comprehensive income of combined Class A common shareholders and Predecessor unit holders 18,875 18,919 85,917 97,922
Comprehensive (income) attributable to predecessor unitholders 0 0 0 (4,380)
Comprehensive (income) attributable to noncontrolling interest in operating partnership (6,810) (11,418) (41,245) (55,859)
Class A Common Stock        
Unrealized gains on securities, net of tax:        
Comprehensive income attributable to Class A common shareholders $ 12,065 $ 7,501 $ 44,672 $ 37,683
[1] Amounts are net of provision for (benefit from) no income taxes and $(2.0) million of income taxes for the three months ended September 30, 2015 and 2014, respectively, and $0.5 million and $3.2 million for the nine months ended September 30, 2015 and 2014, respectively.
[2] Amounts are net of (provision for) benefit of no income taxes and $(3.2) million for the three months ended September 30, 2015 and 2014, respectively, and $(0.5) million and $(4.5) million for the nine months ended September 30, 2015 and 2014, respectively.