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v3.5.0.2

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Interest income | $ 22,816 | $ 24,527 | $ 47,905 | $ 48,626
Interest expense | 6,100 | 5,542 | 12,410 | 10,913
Net interest income | 16,716 | 18,985 | 35,495 | 37,713
(Loss) gain on derivative instruments, net | (16,297) | 17,090 | (64,561) | (8,233)
Loss on sale of investments, net | (297) | (1,491) | (4,238) | (183)
Fair value adjustments, net | 28 | 20 | 51 | 59
Other income, net | 290 | 612 | 353 | 645
General and administrative expenses: |  |  |  |
Compensation and benefits | (1,875) | (2,351) | (4,093) | (4,467)
Other general and administrative | (1,796) | (2,403) | (3,669) | (4,544)
Net (loss) income | (3,231) | 30,462 | (40,662) | 20,990
Preferred stock dividends | (2,294) | (2,294) | (4,588) | (4,588)
Net (loss) income to common shareholders | (5,525) | 28,168 | (45,250) | 16,402
Other comprehensive income: |  |  |  |
Change in net unrealized gain on available-for-sale investments | 22,730 | (42,027) | 60,491 | (18,722)
Reclassification adjustment for loss on sale of investments, net | 297 | 1,491 | 4,238 | 183
Reclassification adjustment for de-designated cash flow hedges | (80) | 857 | (53) | 1,914
Total other comprehensive income (loss) | 22,947 | (39,679) | 64,676 | (16,625)
Comprehensive income (loss) to common shareholders | $ 17,422 | $ (11,511) | $ 19,426 | $ (223)
Net (loss) income per common share-basic and diluted | $ (0.11) | $ 0.52 | $ (0.92) | $ 0.30
Weighted average common shares-basic and diluted | 49,119 | 54,574 | 49,080 | 54,687

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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831223 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e557-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255 + Details
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References No definition available. + Details
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- Definition Net gain (loss) resulting from the sales of securitized, pay-through debt securities collateralized by real estate mortgage loans (mortgages). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(h)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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