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Business Combination (Tables)
 3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Schedule of Business Acquisitions
The bargain purchase gain was computed as follows:
Consideration Paid:
$ (in thousands)


Cash
$
220,159


Common stock issued
218,397


Preferred stock assumed
172,500


Total consideration paid
$
611,056

 
 
 
Assets acquired:



Cash and cash equivalents
399,402


Restricted cash
10,552


Investments
1,491,484


Other assets
34,822

 
 
 
Liabilities assumed:



Borrowings under repurchase agreements
(1,254,518
)

Other liabilities
(30,665
)
 
 
 

Net assets acquired
651,077






Bargain purchase gain
$
40,021

The following table provides the pro forma consolidated operational data as if the AMTG Merger had occurred on January 1, 2016:

 
 Three Months Ended
(in thousands, except per share data)
March 31, 2016
Total revenue
 
$
96,308

Net income attributable to common shareholders
(233
)

 

Common shares outstanding at March 31, 2016
67,385,255

Net income per common share, basic and diluted
 
$
—