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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
NET INTEREST INCOME:        
Interest income $ 52,186 $ 47,970 $ 102,225 $ 258,583
Interest expense 20,711 19,444 40,410 182,976
Total net interest income 31,475 28,526 61,815 75,607
NON-INTEREST INCOME (LOSS):        
Realized gains (losses), net 4,989 (934) 12,047 (148,852)
Realized loss on de-consolidation of Consolidated K-Series 0 0 0 (54,118)
Unrealized gains (losses), net 23,854 102,872 50,020 (293,908)
Income from equity investments 10,607 4,112 14,006 4,606
Impairment of goodwill 0 0 0 (25,222)
Other income (loss) 3,826 (1,638) 6,923 (97)
Total non-interest income (loss) 43,276 104,412 82,996 (517,591)
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:        
General and administrative expenses 12,520 11,761 23,961 22,412
Operating expenses 10,601 2,313 18,355 5,546
Total general, administrative and operating expenses 23,121 14,074 42,316 27,958
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 51,630 118,864 102,495 (469,942)
Income tax expense 15 1,927 81 1,688
NET INCOME (LOSS) 51,615 116,937 102,414 (471,630)
Net loss attributable to non-controlling interest in consolidated variable interest entities 1,625 876 3,034 1,060
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 53,240 117,813 105,448 (470,570)
Preferred stock dividends (10,296) (10,296) (20,593) (20,593)
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ 42,944 $ 107,517 $ 84,855 $ (491,163)
Basic earnings (loss) per common share (in dollars per share) $ 0.11 $ 0.28 $ 0.22 $ (1.35)
Diluted earnings (loss) per common share (in dollars per share) $ 0.11 $ 0.28 $ 0.22 $ (1.35)
Weighted average shares outstanding-basic (in shares) 379,299 377,465 379,091 364,189
Weighted average shares outstanding-diluted (in shares) 381,517 399,982 381,167 364,189