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v3.5.0.2

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Interest income | $ 21,135 | $ 26,096 | $ 69,040 | $ 74,722
Interest expense | 6,068 | 5,859 | 18,478 | 16,772
Net interest income | 15,067 | 20,237 | 50,562 | 57,950
Gain (loss) on derivative instruments, net | 2,409 | (52,749) | (62,153) | (60,982)
Gain (loss) on sale of investments, net | 0 | 113 | (4,238) | (70)
Fair value adjustments, net | 34 | 16 | 86 | 75
Other income (expense), net | 545 | (215) | 898 | 430
General and administrative expenses: |  |  |  |
Compensation and benefits | (1,736) | (2,327) | (5,829) | (6,794)
Other general and administrative | (1,619) | (2,052) | (5,288) | (6,596)
Net income (loss) | 14,700 | (36,977) | (25,962) | (15,987)
Preferred stock dividends | (2,294) | (2,294) | (6,882) | (6,882)
Net income (loss) to common shareholders | 12,406 | (39,271) | (32,844) | (22,869)
Other comprehensive income: |  |  |  |
Change in net unrealized gain on available-for-sale investments | 769 | 26,674 | 61,260 | 7,951
Reclassification adjustment for (gain) loss on sale of investments, net | 0 | (113) | 4,238 | 70
Reclassification adjustment for de-designated cash flow hedges | (99) | 857 | (152) | 2,772
Total other comprehensive income | 670 | 27,418 | 65,346 | 10,793
Comprehensive income (loss) to common shareholders | $ 13,076 | $ (11,853) | $ 32,502 | $ (12,076)
Net income (loss) per common share-basic and diluted | $ 0.25 | $ (0.74) | $ (0.67) | $ (0.42)
Weighted average common shares-basic and diluted | 49,147 | 52,777 | 49,102 | 54,043

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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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