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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Total Company's Stockholders' Equity
Total Company's Stockholders' Equity
Preferred Stock
Total Company's Stockholders' Equity
Common Stock
Common Stock
Common Stock
Common Stock
Preferred Stock
Preferred Stock
Preferred Stock
Additional Paid-In Capital
Additional Paid-In Capital
Common Stock
Accumulated Deficit
Accumulated Deficit
Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest in Consolidated VIEs
Beginning balance at Dec. 31, 2021 $ 2,365,390     $ 2,341,031     $ 949   $ 538,221   $ 2,359,421   $ (559,338)   $ 1,778 $ 24,359
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) (76,091)     (73,850)                 (73,850)     (2,241)
Stock based compensation expense, net 1,352     1,352     4       1,348          
Dividends declared on common stock (38,125)     (38,125)                 (38,125)      
Dividends declared on preferred stock (10,493)     (10,493)                 (10,493)      
Dividends attributable to dividend equivalents (109)     (109)                 (109)      
Decrease in fair value of available for sale securities (2,188)     (2,188)                     (2,188)  
Increase in non-controlling interest related to initial consolidation of VIEs 10,488                             10,488
Decrease in non-controlling interest related to distributions from Consolidated VIEs (223)                             (223)
Ending balance at Mar. 31, 2022 2,250,001     2,217,618     953   538,221   2,360,769   (681,915)   (410) 32,383
Beginning balance at Dec. 31, 2022 1,800,308     1,767,216     912   538,351   2,282,691   (1,052,768)   (1,970) 33,092
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) 19,663     20,863                 20,863     (1,200)
Common stock repurchases   $ (320) $ (3,610)   $ (320) $ (3,610)   $ (4)   $ (462)   $ (3,606)   $ 142    
Stock based compensation expense, net 50     50     4       46          
Dividends declared on common stock (36,562)     (36,562)                 (36,562)      
Dividends declared on preferred stock (10,484)     (10,484)                 (10,484)      
Dividends attributable to dividend equivalents (238)     (238)                 (238)      
Decrease in fair value of available for sale securities 591     591                     591  
Contributions of non-controlling interest in Consolidated VIEs 300                             300
Decrease in non-controlling interest related to distributions from Consolidated VIEs (758)                             (758)
Ending balance at Mar. 31, 2023 $ 1,768,940     $ 1,737,506     $ 912   $ 537,889   $ 2,279,131   $ (1,079,047)   $ (1,379) $ 31,434