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Business Combination (Tables)
 12 Months Ended
Dec. 31, 2018
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:
 
 
 
Year ended
(in thousands, except per share data)
 
December 31, 2016
Total revenue
 
 
$
349,948

Net income attributable to common stockholders
89,877

 
 
 
 
Common shares outstanding at December 31, 2016
91,422,676

Net income per common share, basic and diluted
$
0.98

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