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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
Common Stock
Total
Balance at Dec. 31, 2016 $ 2   $ 182,772 $ 164,549 $ 1,052,033   $ 1,399,356
Balance (in shares) at Dec. 31, 2016 22,427            
Changes in stockholders' equity              
Net income       100,757 210,765   311,522
Stock and unit-based compensation     7,545   14,406   21,951
Issuance of common stock in settlement of director fees     160   178   338
Repurchase of Class A common stock     (8,599)       $ (8,599)
Repurchase of Class A common stock (in shares) (505)            
Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc.     27,119   (27,119)    
Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. (in shares) 1,608           1,608
Repurchase of common stock           $ (8,599)  
Repurchase of common stock (in shares)           (505)  
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.     (4,894)       $ (4,894)
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              
Cumulative effect of change in accounting principle - Adoption of fair value 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            
Net income             66,926
Balance at Mar. 31, 2018             1,794,199
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       87,694 156,749   244,443
Stock and unit-based compensation     10,932   19,636   30,568
Stock and unit-based compensation (in shares) 299 23          
Common stock dividends       (10,054)     (10,054)
Issuance of common stock in settlement of director fees             330
Issuance of Class A common stock in settlement of director fees     79   166   245
Repurchase of Class A common stock     (1,554)   (3,272)   $ (4,826)
Repurchase of Class A common stock (in shares) (236)            
Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. $ 1   33,155   (33,156)    
Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. (in shares) 1,635           1,635
Exchange of Class A common stock of subsidiary for common stock of PennyMac Financial Services, Inc. pursuant to a reorganization $ (3) $ 3          
Exchange of Class A common stock of subsidiary for common stock of PennyMac Financial Services, Inc. pursuant to a reorganization (in shares) (25,228) 25,228          
Exchange of Class A unit of Private National Mortgage Acceptance Company, LLC for common stock of PennyMac Financial Services, Inc. pursuant to a reorganization, net of income tax effect   $ 5 1,064,315   $ (1,390,973)   $ (326,653)
Exchange of Class A unit of Private National Mortgage Acceptance Company, LLC for common stock of PennyMac Financial Services, Inc. pursuant to a reorganization, net of income tax effect (in shares)   52,263         52,263
Issuance of common stock in settlement of directors' fees     85       $ 85
Issuance of common stock in settlement of directors' fees (in shares)   4          
Repurchase of common stock     (467)     $ (5,293) (467)
Repurchase of common stock (in shares)   (24)       (260)  
Balance at Dec. 31, 2018   $ 8 1,310,648 343,135     1,653,791
Balance (in shares) at Dec. 31, 2018   77,494          
Balance at Mar. 31, 2018             1,794,199
Changes in stockholders' equity              
Net income             68,405
Balance at Jun. 30, 2018             1,861,944
Changes in stockholders' equity              
Net income             56,152
Balance at Sep. 30, 2018             1,916,710
Changes in stockholders' equity              
Net income             52,960
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
Balance at Mar. 31, 2019             1,701,192
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       392,965     392,965
Stock and unit-based compensation     25,282       25,282
Stock and unit-based compensation (in shares)   1,062          
Common stock dividends       (9,708)     (9,708)
Issuance of common stock in settlement of director fees     233       233
Issuance of common stock in settlement of director fees (in shares)   10          
Repurchase of common stock     (1,056)     $ (1,056) (1,056)
Repurchase of common stock (in shares)   (51)       (51)  
Balance at Dec. 31, 2019   $ 8 1,335,107 726,392     2,061,507
Balance (in shares) at Dec. 31, 2019   78,515          
Balance at Mar. 31, 2019             1,701,192
Changes in stockholders' equity              
Net income             72,696
Balance at Jun. 30, 2019             1,778,997
Changes in stockholders' equity              
Net income             121,473
Balance at Sep. 30, 2019             1,911,613
Changes in stockholders' equity              
Net income             152,661
Balance at Dec. 31, 2019   $ 8 $ 1,335,107 $ 726,392     $ 2,061,507
Balance (in shares) at Dec. 31, 2019   78,515