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Business Combination (Tables) | 6 Months Ended
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Jun. 30, 2017
Business Combinations [Abstract] |
Schedule of Business Acquisitions | The following table provides the pro forma consolidated operational data as if the AMTG Merger had occurred on January 1, 2016:
| Three Months Ended |  | Six Months Ended
(in thousands, except per share data) | June 30, 2016 |  | June 30, 2016
Total revenue | $ | 94,257 |  |  | $ | 190,565 |
Net income attributable to common shareholders | 24,778 |  |  | 24,546 |
Common shares outstanding at June 30, 2016 | 67,402,311 |  |  | 67,402,311 |
Net income per common share, basic and diluted | $ | 0.36 |  |  | $ | 0.36 |
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 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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