v3.19.3

Investment in Securities (Summary of Investment Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | [1] | Sep. 30, 2019 | Sep. 30, 2018
Securities, Available-for-sale [Line Items] |  |  |  |  |
Net Amortization |  |  |  | $ (35,130) |
Interest Income | $ 39,985 | $ 35,300 | $ 114,548 | $ 95,333 | [1]
Agency RMBS |  |  |  |  |
Securities, Available-for-sale [Line Items] |  |  |  |  |
Coupon Interest | 16,026 |  | 42,681 |  |
Net Amortization | (6,290) |  | (15,883) |  |
Interest Income | 9,736 |  | 26,798 |  |
Non-Agency RMBS and CMBS |  |  |  |  |
Securities, Available-for-sale [Line Items] |  |  |  |  |
Coupon Interest | 3,383 |  | 10,514 |  |
Net Amortization | 430 |  | 1,666 |  |
Interest Income | 3,813 |  | 12,180 |  |
CLOs |  |  |  |  |
Securities, Available-for-sale [Line Items] |  |  |  |  |
Coupon Interest | 3,480 |  | 11,391 |  |
Net Amortization | (627) |  | (1,138) |  |
Interest Income | 2,853 |  | 10,253 |  |
Other Securities |  |  |  |  |
Securities, Available-for-sale [Line Items] |  |  |  |  |
Coupon Interest | 1,670 |  | 4,706 |  |
Net Amortization | (611) |  | (1,528) |  |
Interest Income | 1,059 |  | 3,178 |  |
Securities Investment [Member] |  |  |  |  |
Securities, Available-for-sale [Line Items] |  |  |  |  |
Coupon Interest | 24,559 |  | 69,292 |  |
Net Amortization | (7,098) |  | (16,883) |  |
Interest Income | $ 17,461 |  | $ 52,409 |  |
[1] | Includes interest income and interest expense of a consolidated securitization trust of $1.3 million and $0.7 million, respectively, for the three-month period ended September 30, 2018. Includes interest income and interest expense of a consolidated securitization trust of $3.9 million and $2.4 million, respectively, for the nine-month period ended September 30, 2018. See Note 6 for further details on the Company's consolidated securitization trust.

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- Definition The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 + Details
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