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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock.
Common Stock
Common Stock.
Additional paid-in capital
Retained earnings
Noncontrolling interest in Private National Mortgage Acceptance Company, LLC
Total
Changes in stockholders' equity            
Cumulative effect of change in accounting principle - accounting for all existing classes of mortgage servicing rights at fair value       $ 189 $ 587 $ 776
Balance after adjustment $ 2   $ 204,103 265,495 1,250,850 1,720,450
Balance after adjustment (in shares) 23,530          
Balance at Dec. 31, 2017 $ 2   204,103 265,306 1,250,263 1,719,674
Balance (in shares) at Dec. 31, 2017 23,530          
Changes in stockholders' equity            
Net income       16,619 50,307 66,926
Stock and unit-based compensation     5,191   4,235 9,426
Issuance of Class A common stock in settlement of director fees     24   55 79
Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc.     14,859   (14,859) $ 14,859
Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. (in shares) 748         748
Tax effect of exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc.     (2,682)     $ (2,682)
Balance at Mar. 31, 2018 $ 2   221,495 282,114 $ 1,290,588 1,794,199
Balance (in shares) at Mar. 31, 2018 24,278          
Balance at Dec. 31, 2018   $ 8 1,310,648 343,135   1,653,791
Balance (in shares) at Dec. 31, 2018   77,494        
Changes in stockholders' equity            
Net income       46,135   46,135
Stock and unit-based compensation     1,180     1,180
Stock and unit-based compensation (in shares)   820        
Issuance of common stock in settlement of directors' fees     86     86
Issuance of common stock in settlement of directors' fees (in shares)   4        
Balance at Mar. 31, 2019   $ 8 $ 1,311,914 $ 389,270   $ 1,701,192
Balance (in shares) at Mar. 31, 2019   78,318