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Consolidated Statement Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| INVESTMENT INCOME | |||
| Interest income | $ 93,533us-gaap_InterestIncomeOperating | $ 85,740us-gaap_InterestIncomeOperating | $ 63,857us-gaap_InterestIncomeOperating |
| Other investment income | 318us-gaap_OtherOperatingIncome | 0us-gaap_OtherOperatingIncome | 0us-gaap_OtherOperatingIncome |
| Total investment income | 93,851us-gaap_InterestAndOtherIncome | 85,740us-gaap_InterestAndOtherIncome | 63,857us-gaap_InterestAndOtherIncome |
| EXPENSES | |||
| Base management fee | 10,751us-gaap_ManagementFeeExpense | 9,115us-gaap_ManagementFeeExpense | 6,835us-gaap_ManagementFeeExpense |
| Incentive fee | 1,400us-gaap_IncentiveFeeExpense | 8,366us-gaap_IncentiveFeeExpense | 19,145us-gaap_IncentiveFeeExpense |
| Interest expense | 9,927us-gaap_InterestExpense | 11,025us-gaap_InterestExpense | 7,799us-gaap_InterestExpense |
| Other investment related expenses | 4,689efc_Otherinvestmentrelatedexpenses | 496efc_Otherinvestmentrelatedexpenses | 0efc_Otherinvestmentrelatedexpenses |
| Compensation expense | 1,182us-gaap_LaborAndRelatedExpense | 1,721us-gaap_LaborAndRelatedExpense | 1,308us-gaap_LaborAndRelatedExpense |
| Custody and other fees | 1,853us-gaap_CustodyFees | 1,308us-gaap_CustodyFees | 1,154us-gaap_CustodyFees |
| Professional fees | 2,795us-gaap_ProfessionalFees | 1,783us-gaap_ProfessionalFees | 1,386us-gaap_ProfessionalFees |
| Agency and administration fees | 1,231us-gaap_CostOfServices | 1,133us-gaap_CostOfServices | 923us-gaap_CostOfServices |
| Insurance expense | 734us-gaap_GeneralInsuranceExpense | 706us-gaap_GeneralInsuranceExpense | 720us-gaap_GeneralInsuranceExpense |
| Directors' fees and expenses | 271us-gaap_NoninterestExpenseDirectorsFees | 253us-gaap_NoninterestExpenseDirectorsFees | 265us-gaap_NoninterestExpenseDirectorsFees |
| Share-based LTIP expense | 267us-gaap_AllocatedShareBasedCompensationExpense | 179us-gaap_AllocatedShareBasedCompensationExpense | 135us-gaap_AllocatedShareBasedCompensationExpense |
| Total expenses | 35,100us-gaap_OperatingExpenses | 36,085us-gaap_OperatingExpenses | 39,670us-gaap_OperatingExpenses |
| NET INVESTMENT INCOME | 58,751us-gaap_OperatingIncomeLoss | 49,655us-gaap_OperatingIncomeLoss | 24,187us-gaap_OperatingIncomeLoss |
| Net realized gain (loss) on: | |||
| Investments | 16,859efc_GainLossRealizedOnSaleOfInvestments | 39,485efc_GainLossRealizedOnSaleOfInvestments | 23,550efc_GainLossRealizedOnSaleOfInvestments |
| Financial derivatives | (11,211)efc_NetRealizedGainLossOnDerivatives | (21,479)efc_NetRealizedGainLossOnDerivatives | (34,797)efc_NetRealizedGainLossOnDerivatives |
| Foreign currency transactions | (1,486)us-gaap_ForeignCurrencyTransactionGainLossRealized | (4)us-gaap_ForeignCurrencyTransactionGainLossRealized | 0us-gaap_ForeignCurrencyTransactionGainLossRealized |
| Total net realized gain (loss) on investments, financial derivatives, and foreign currency transactions | 4,162us-gaap_RealizedInvestmentGainsLosses | 18,002us-gaap_RealizedInvestmentGainsLosses | (11,247)us-gaap_RealizedInvestmentGainsLosses |
| Change in net unrealized gain (loss) on: | |||
| Investments | 6,258us-gaap_UnrealizedGainLossOnInvestments | (1,819)us-gaap_UnrealizedGainLossOnInvestments | 70,789us-gaap_UnrealizedGainLossOnInvestments |
| Financial derivatives | (8,272)us-gaap_UnrealizedGainLossOnDerivatives | 13,482us-gaap_UnrealizedGainLossOnDerivatives | 13,417us-gaap_UnrealizedGainLossOnDerivatives |
| Foreign currency translation | (950)us-gaap_ForeignCurrencyTransactionGainLossUnrealized | 42us-gaap_ForeignCurrencyTransactionGainLossUnrealized | 0us-gaap_ForeignCurrencyTransactionGainLossUnrealized |
| Total Change in Net Unrealized Gain Loss On Investments, Financial derivatives, and Foreign currency translation | (2,964)efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation | 11,705efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation | 84,206efc_TotalNetUnrealizedGainLossOnInvestmentsFinancialDerivativesandForeignCurrencyTranslation |
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS, FINANCIAL DERIVATIVES, AND FOREIGN CURRENCY TRANSACTIONS/TRANSLATION | 1,198efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives | 29,707efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives | 72,959efc_NetRealizedAndUnrealizedGainLossOnInvestmentsAndFinancialDerivatives |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 59,949us-gaap_ProfitLoss | 79,362us-gaap_ProfitLoss | 97,146us-gaap_ProfitLoss |
| Net Income (Loss) Attributable to Noncontrolling Interest | 782us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 838us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net Income (Loss) Attributable to Parent | $ 59,167us-gaap_NetIncomeLoss | $ 78,524us-gaap_NetIncomeLoss | $ 97,146us-gaap_NetIncomeLoss |
| NET INCREASE IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE: | |||
| Basic and Diluted (in usd per share) | $ 2.09us-gaap_EarningsPerShareBasicAndDiluted | $ 3.28us-gaap_EarningsPerShareBasicAndDiluted | $ 5.31us-gaap_EarningsPerShareBasicAndDiluted |
| X | ||||||||||
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- Details
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- Definition
Realized gains or (losses) on investments sold or otherwise disposed of during the period. No definition available.
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- Definition
Net Realized And Unrealized Gain Loss On Investments And Financial Derivatives No definition available.
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| X | ||||||||||
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- Definition
Net Realized Gain/Loss on Derivatives No definition available.
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- Details
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- Definition
Other investment related expenses which can include among other items, dividend expense on short securities and other investment related expenses. No definition available.
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- Definition
Total change in net unrealized gain or loss on investments, financial derivatives, and foreign currency translation. No definition available.
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| X | ||||||||||
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- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Those fees charged for services related to holding, advising, and managing customer investment assets. These account fees usually charged annually or semi-annually, on a per security basis, for the costs of services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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| X | ||||||||||
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- Definition
Amount before tax of foreign currency transaction realized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense for incentive rights held by the managing member or general partner, of limited liability company (LLC) or limited partnership (LP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Noninterest expense related to directors' fees which are fees paid by an Entity to its directors. Directors' fees may be paid in addition to salary and other benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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