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Unaudited Consolidated Statements of Changes in Shareholders' Equity Statement - USD ($)
$ in Thousands
Total
Common shares
Additional paid-in capital
Accumulated other comprehensive income (loss)
Unrealized holding gains (losses) of available for sale investments
Currency translation adjustment
Common shares held in treasury, at cost
Retained earnings (deficit)
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020               $ 0
Balance, beginning of period at Dec. 31, 2018   $ 227 $ 895,386 $ (4,730) $ (4,158) $ (572) $ 0 (1,275)
Common shares issued   0 250          
Share compensation expense     2,080          
Unrealized holding gains (losses) of available for sale investments, net of reclassification adjustments $ 7,854       7,854      
Currency translation adjustment 47         47    
Shares repurchased for treasury             0  
Net income (loss) before preference dividends 71,272             71,272
Preferred share dividends paid and accrued (9,815)             (9,815)
Balance, end of period at Jun. 30, 2019 961,296 227 897,716 3,171 3,696 (525) 0 60,182
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020               0
Balance, beginning of period at Mar. 31, 2019   227 895,386 (79) 658 (737) 0 46,357
Common shares issued   0 250          
Share compensation expense     2,080          
Unrealized holding gains (losses) of available for sale investments, net of reclassification adjustments 3,038       3,038      
Currency translation adjustment 212         212    
Shares repurchased for treasury             0  
Net income (loss) before preference dividends 18,733             18,733
Preferred share dividends paid and accrued (4,908)             (4,908)
Balance, end of period at Jun. 30, 2019 961,296 227 897,716 3,171 3,696 (525) 0 60,182
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020               (428)
Balance, beginning of period at Dec. 31, 2019 872,353 227 898,083 5,629 6,252 (623) (75,056) 43,470
Common shares issued   0 491          
Share compensation expense     361          
Unrealized holding gains (losses) of available for sale investments, net of reclassification adjustments (14,996)       (14,996)      
Currency translation adjustment 188         188    
Shares repurchased for treasury (77,900)           (2,867)  
Net income (loss) before preference dividends (76,671)             (76,671)
Preferred share dividends paid and accrued (2,280)             (2,280)
Balance, end of period at Jun. 30, 2020 776,151 227 898,935 (9,179) (8,744) (435) (77,923) (35,909)
Cumulative effect of adoption of updated accounting guidance for credit losses at January 1, 2020               0
Balance, beginning of period at Mar. 31, 2020   227 898,693 (32,206) (31,720) (486) (77,923) (224,737)
Common shares issued   0 241          
Share compensation expense     1          
Unrealized holding gains (losses) of available for sale investments, net of reclassification adjustments 22,976       22,976      
Currency translation adjustment 51         51    
Shares repurchased for treasury             0  
Net income (loss) before preference dividends 189,937             189,937
Preferred share dividends paid and accrued (1,109)             (1,109)
Balance, end of period at Jun. 30, 2020 $ 776,151 $ 227 $ 898,935 $ (9,179) $ (8,744) $ (435) $ (77,923) $ (35,909)