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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Total Company Stockholders' Equity
Common Stock
Preferred Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest in Consolidated VIE
Preferred Stock
Preferred Stock
Total Company Stockholders' Equity
Preferred Stock
Preferred Stock
Preferred Stock
Retained Earnings (Accumulated Deficit)
Common Stock
Common Stock
Total Company Stockholders' Equity
Common Stock
Common Stock
Common Stock
Additional Paid-In Capital
Beginning balance at Dec. 31, 2020 $ 2,307,573 $ 2,301,202 $ 945 $ 504,765 $ 2,345,766 $ (551,268) $ 994 $ 6,371                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Net income (loss) allocated to redeemable non-controlling interest 189,180 193,200       193,200   (4,020)                
Preferred stock issuance, net                 $ 210,738 $ 210,738 $ 210,738          
Preferred stock redemption (183,447) (183,447)   (177,282)   (6,165)                    
Stock based compensation expense, net 10,239 10,239 4   10,235                      
Dividends declared on common stock (151,749) (151,749)       (151,749)                    
Dividends declared on preferred stock (42,859) (42,859)       (42,859)                    
Dividends attributable to dividend equivalents (497) (497)       (497)                    
Reclassification adjustment for net loss (gain) included in net (loss) income (3,965) (3,965)         (3,965)                  
Increase (decrease) in fair value of available for sale securities 4,749 4,749         4,749                  
Increase in non-controlling interest related to initial consolidation of VIEs 25,509             25,509                
Decrease in non-controlling interest related to distributions from Consolidated VIEs (81) 3,420     3,420     (3,501)                
Ending 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) allocated to redeemable non-controlling interest (302,459) (298,605)       (298,605)   (3,854)                
Preferred stock issuance, net                 130 130 130          
Common and preferred stock repurchases (44,399) (44,399) (42)   (44,357)               $ (44,400)      
Stock based compensation expense, net 11,895 11,895 5   11,890                      
Dividends declared on common stock (150,232) (150,232)       (150,232)                    
Dividends declared on preferred stock (41,972) (41,972)       (41,972)                    
Dividends attributable to dividend equivalents (2,621) (2,621)       (2,621)                    
Reclassification adjustment for net loss (gain) included in net (loss) income 0                              
Increase (decrease) in fair value of available for sale securities (3,748) (3,748)         (3,748)                  
Increase in non-controlling interest related to initial consolidation of VIEs 16,293             16,293                
Contributions from non-controlling interests 479 (26)     (26)     505                
Decrease in non-controlling interest related to distributions from Consolidated VIEs (4,211)             (4,211)                
Adjustment of redeemable non-controlling interest to estimated redemption value (44,237) (44,237)     (44,237)                      
Ending 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) allocated to redeemable non-controlling interest (60,732) (48,665)       (48,665)   (12,067)                
Common and preferred stock repurchases                 $ (2,439) $ (2,439) $ (2,906) $ 467 $ (8,615) $ (8,615) $ (9) $ (8,606)
Stock based compensation expense, net 8,825 8,825 4   8,821                      
Dividends declared on common stock (109,279) (109,279)       (109,279)                    
Dividends declared on preferred stock (41,837) (41,837)       (41,837)                    
Dividends attributable to dividend equivalents (1,735) (1,735)       (1,735)                    
Reclassification adjustment for net loss (gain) included in net (loss) income 1,822 1,822         1,822                  
Increase (decrease) in fair value of available for sale securities 144 144         144                  
Increase in non-controlling interest related to initial consolidation of VIEs 3,790             3,790                
Contributions of non-controlling interest in Consolidated VIEs 997             997                
Decrease in non-controlling interest related to distributions from Consolidated VIEs (5,359)             (5,359)                
Adjustment of redeemable non-controlling interest to estimated redemption value 14,175 14,175     14,175                      
Ending balance at Dec. 31, 2023 $ 1,600,065 $ 1,579,612 $ 907 $ 535,445 $ 2,297,081 $ (1,253,817) $ (4) $ 20,453