XML 57 R3.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income $ 39,822,000 $ 39,957,000
Interest expense 22,101,000 26,276,000
Net interest income 17,721,000 13,681,000
Loss on derivative instruments, net 195,567,000 61,697,000
Gain on sale of investments, net 84,783,000 0
Fair value adjustments, net (372,000) (13,000)
Other operating expense, net (423,000) (231,000)
General and administrative expenses:    
Compensation and benefits (2,163,000) (1,898,000)
Other general and administrative (2,458,000) (2,056,000)
Net loss (98,479,000) (52,214,000)
Preferred stock dividends (3,841,000) (3,059,000)
Net loss to common shareholders (106,234,000) (55,273,000)
Other comprehensive income:    
Unrealized gain on available-for-sale investments, net 157,755,000 86,632,000
Reclassification adjustment for gain on sale of investments, net (84,783,000) 0
Reclassification adjustment for de-designated cash flow hedges 0 (165,000)
Total other comprehensive income 72,972,000 86,467,000
Comprehensive (loss) income to common shareholders $ (33,262,000) $ 31,194,000
Net loss per common share-basic and diluted $ (4.63) $ (2.42)
Weighted average common shares-basic and diluted 22,963 22,812
Preferred Stock Redemption Premium $ 3,914,000 $ 0