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Stockholders' Equity
 12 Months Ended
Dec. 31, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
The Company’s authorized capital stock consists of 450,000,000 shares of common stock, $0.01 par value per share and 50,000,000 shares of preferred stock, $0.01 par value per share. As of December 31, 2015, 67,195,252 shares of common stock were issued and outstanding and there were 3,450,000 shares of 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock ("Series A Preferred Stock") issued and outstanding and 8,000,000 shares of 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") issued and outstanding.
Dividends.    During 2015 and 2014, the Company has declared the following dividends on its common stock:
Declaration Date
Record Date
Payment Date
Amount
February 26, 2014
March 31, 2014
April 15, 2014
$
0.40

April 29, 2014
June 30, 2014
July 15, 2014
$
0.40

July 28, 2014
September 30, 2014
October 15, 2014
$
0.40

October 28, 2014
December 31, 2014
January 15, 2015
$
0.40

February 25, 2015
March 31, 2015
April 15, 2015
$
0.44

April 28, 2015
June 30, 2015
July 15, 2015
$
0.44

July 28, 2015
September 30, 2015
October 15, 2015
$
0.44

December 14, 2015
December 31, 2015
January 15, 2016
$
0.46

During 2015 and 2014, the Company declared the following dividends on its Series A Preferred Stock:
Declaration Date
Record Date
Payment Date
Amount
March 17, 2014
March 31, 2014
April 15, 2014
$
0.5391

June 9, 2014
June 30, 2014
July 15, 2014
$
0.5391

September 8, 2014
September 30, 2014
October 15, 2014
$
0.5391

December 16, 2014
December 31, 2014
January 15, 2015
$
0.5391

March 16, 2015
March 31, 2015
April 15, 2015
$
0.5391

June 9, 2015
June 30, 2015
July 15, 2015
$
0.5391

September 9, 2015
September 30, 2015
October 15, 2015
$
0.5391

December 14, 2015
December 31, 2015
January 15, 2016
$
0.5391

During 2015, the Company declared the following dividends on its Series B Preferred Stock:
Declaration Date
Record Date
Payment Date
Amount
December 14, 2015
December 31, 2015
January 15, 2016
$
0.6333


Common Stock Offerings. During the first quarter of 2015, the Company completed a follow-on public offering of 11,500,000 shares of its common stock, including the full exercise of the underwriters’ option to purchase additional shares, at a price of $16.82 per share. The aggregate net proceeds from the offering, including proceeds from the sale of the additional shares, were approximately $193,148 after deducting estimated offering expenses payable by the Company.
On September 21, 2015, the Company completed a private offering of 8,823,529 shares of its common stock at a price of $17.00 per share.
During the second quarter of 2014, the Company completed a follow-on public offering of 9,706,000 shares of its common stock, including the partial exercise of the underwriters’ option to purchase additional shares, at a price of $16.35 per share. The aggregate net proceeds from the offering, including proceeds from the sale of the additional shares, were approximately $158,439 after deducting estimated offering expenses payable by the Company.
Common Stock and Preferred Stock Private Placement. On September 21, 2015, the Company completed a private placement of 8,823,529 shares of its common stock at a price of $17.00 per share, and 8,000,000 shares of Series B Preferred Stock at a price of $24.71 per share. The aggregate net proceeds from the common and Series B Preferred Stock private placement completed on September 21, 2015 were approximately $346,855 after deducting the $500 placement agent fee paid to Apollo Global Securities, LLC acting as placement agent in this transaction and estimated offering expenses payable by the Company.
Stock Repurchase Program. During the third quarter of 2015, the Company repurchased 107,432 shares of its common stock at a weighted average net price of $16.20, resulting in a payment of $1,741.