XML 49 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Combination (Tables)
 9 Months Ended
Sep. 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
 
 Nine Months Ended
(in thousands, except per share data)
September 30, 2016
 
September 30, 2016
Total revenue
$
89,665

 
$
280,230

Net income attributable to common shareholders
15,615

 
40,161


 
 
 
Common shares outstanding at September 30, 2016
80,826,566

 
80,826,566

Net income per common share, basic and diluted
$
0.19

 
$
0.50

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