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v3.19.2

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Interest income | $ 43,748 | $ 25,922 | $ 83,706 | $ 51,112
Interest expense | 30,813 | 14,175 | 57,089 | 25,770
Net interest income | 12,935 | 11,747 | 26,617 | 25,342
(Loss) gain on derivative instruments, net | 117,535 | (20,667) | 179,233 | (59,021)
Loss on sale of investments, net | (10,360) | (12,444) | (10,360) | (16,219)
Fair value adjustments, net | (16) | 27 | (29) | 56
Other operating income (expense), net | 256 | (339) | 25 | (592)
General and administrative expenses: |  |  |  |
Compensation and benefits | (1,747) | (1,751) | (3,645) | (3,713)
Other general and administrative | (2,518) | (2,255) | (4,574) | (3,936)
Net (loss) income | (118,985) | 15,652 | (171,199) | 59,959
Preferred stock dividends | (3,206) | (2,942) | (6,265) | (5,882)
Net (loss) income to common shareholders | (122,191) | 12,710 | (177,464) | 54,077
Other comprehensive income: |  |  |  |
Unrealized gain (loss) on available-for-sale investments, net | 100,767 | (22,156) | 187,399 | (71,345)
Reclassification adjustment for loss on sale of investments, net | 10,360 | 12,444 | 10,360 | 16,219
Reclassification adjustment for de-designated cash flow hedges | 0 | (48) | (165) | (96)
Total other comprehensive income (loss) | 111,127 | (9,760) | 197,594 | (55,222)
Comprehensive (loss) income to common shareholders | $ (11,064) | $ 2,950 | $ 20,130 | $ (1,145)
Net (loss) income per common share-basic and diluted | $ (4.98) | $ 0.68 | $ (7.49) | $ 2.89
Weighted average common shares-basic and diluted | 24,541 | 18,765 | 23,681 | 18,695

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