XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Stock-based Payments and Director Fees (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Share-based Payment Arrangement [Abstract] |
Schedule of management fees and director fees | The following table sets forth the Company’s stock-based management fees and independent director fees ($ in thousands): Stock-based Management Fees and Director Fees
| For the three months ended June 30, |  |  |  |  |  |
| 2020 |  |  |  | 2019 |  |
| Number of shares |  | Amount of expense recognized(1) |  | Number of shares |  | Amount of expense recognized(1)
Independent director fees | 5,200 |  |  | $ | 40 |  |  | 2,836 |  |  | $ | 40 |
Management fees | — |  |  | — |  |  | 58,398 |  |  | 824 |
Totals | 5,200 |  |  | $ | 40 |  |  | 61,234 |  |  | $ | 864 |
| For the six months ended June 30, |  |  |  |  |  |
| 2020 |  |  |  | 2019 |  |
| Number of shares |  | Amount of expense recognized(1) |  | Number of shares |  | Amount of expense recognized(1)
Independent director fees | 8,668 |  |  | $ | 80 |  |  | 5,600 |  |  | $ | 78 |
Management fees | — |  |  | — |  |  | 120,699 |  |  | 1,552 |
Totals | 8,668 |  |  | $ | 80 |  |  | 126,299 |  |  | $ | 1,630 |
(1)All management fees and independent director fees are fully expensed in the period in which the relevant service is received by the Company.
Schedule of activity in restricted stock | The following table sets forth the activity in the Company’s restricted stock plans ($ in thousands, except per share amounts):
|  | Total Grants |  |  |  | Current period activity |  |  |  | Non-vested shares at June 30, 2020 |  |  |  | Fully-vested shares at June 30, 2020 |  |
Three months ended June 30, 2020 |  | Total shares granted |  | Total expected cost of grant |  | Shares granted during the year |  | Grant expense recognized for the three months ended June 30, 2020 |  | Shares |  | Per share grant date fair value |  | Shares |  | Per share grant date fair value
Employee and Service Provider Grant 2017(1,4) |  | 38,667 |  |  | $ | 539 |  |  | — |  |  | $ | 44 |  |  | 12,667 |  |  | $ | 13.95 |  |  | 26,000 |  |  | $ | 13.95 |
Employee and Service Provider Grant 2018(2,5) |  | 34,000 |  |  | 462 |  |  | — |  |  | 38 |  |  | 22,667 |  |  | 13.58 |  |  | 11,333 |  |  | 13.58 |
Employee and Service Provider Grant 2019(3) |  | 79,000 |  |  | 1,101 |  |  | — |  |  | 92 |  |  | 79,000 |  |  | 13.94 |  |  | — |  |  | — |
Totals |  | 151,667 |  |  | $ | 2,102 |  |  | — |  |  | $ | 174 |  |  | 114,334 |  |  | $ | 13.87 |  |  | 37,333 |  |  | $ | 13.84 |
(1)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2020 is 0.1 years. (2)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2020 is 1.1 years. (3)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2020 is 2.1 years. (4)Total is shown net of 2019 forfeitures of 333 shares. (5)Total is shown net of 2019 forfeitures of 2,500 shares.
|  | Total Grants |  |  |  | Current period activity |  |  |  | Non-vested shares at June 30, 2019 |  |  |  | Fully-vested shares at June 30, 2019 |  |
Three months ended June 30, 2019 |  | Total shares granted |  | Total expected cost of grant |  | Shares granted during the year |  | Grant expense recognized for the three months ended June 30, 2019 |  | Shares |  | Per share grant date fair value |  | Shares |  | Per share grant date fair value
Directors’ Grants 2018(1) |  | 12,000 |  |  | $ | 162 |  |  | — |  |  | $ | — |  |  | — |  |  | $ | 13.48 |  |  | 12,000 |  |  | $ | 13.48 |
Employee and Service Provider Grant 2016(2,5) |  | 144,667 |  |  | 1,953 |  |  | — |  |  | 143 |  |  | 46,222 |  |  | 13.50 |  |  | 98,445 |  |  | 13.50 |
Employee and Service Provider Grant 2017(3) |  | 39,000 |  |  | 544 |  |  | — |  |  | 45 |  |  | 26,000 |  |  | 13.95 |  |  | 13,000 |  |  | 13.95 |
Employee and Service Provider Grant 2018(4,6) |  | 34,000 |  |  | 462 |  |  | — |  |  | 31 |  |  | 34,000 |  |  | 13.58 |  |  | — |  |  | — |
Totals |  | 229,667 |  |  | $ | 3,121 |  |  | — |  |  | $ | 219 |  |  | 106,222 |  |  | $ | 13.64 |  |  | 123,445 |  |  | $ | 13.55 |
(1)Half of the 12,000 shares granted vested immediately on the grant date while the remaining shares vest ratably over a one-year period. Grant is fully vested at June 30, 2019. (2)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2019 is 0.1 years. (3)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2019 is 1.1 years. (4)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2019 is 2.1 years. (5)Total is shown net of 2017 forfeitures of 4,000 shares, 2018 forfeitures of 2,666 shares and 2019 forfeitures of 1,667 shares. (6)Total is shown net of 2019 forfeitures of 2,500 shares.
|  | Total Grants |  |  |  | Current period activity |  |  |  | Non-vested shares at June 30, 2020 |  |  |  | Fully-vested shares at June 30, 2020 |  |
Six months ended June 30, 2020 |  | Total shares granted |  | Total expected cost of grant |  | Shares granted during the year |  | Grant expense recognized for the six months ended June 30, 2020 |  | Shares |  | Per share grant date fair value |  | Shares |  | Per share grant date fair value
Employee and Service Provider Grant 2017(1,4) |  | 38,667 |  |  | $ | 539 |  |  | — |  |  | $ | 88 |  |  | 12,667 |  |  | $ | 13.95 |  |  | 26,000 |  |  | $ | 13.95 |
Employee and Service Provider Grant 2018(2,5) |  | 34,000 |  |  | 462 |  |  | — |  |  | 76 |  |  | 22,667 |  |  | 13.58 |  |  | 11,333 |  |  | 13.58 |
Employee and Service Provider Grant 2019(3) |  | 79,000 |  |  | 1,101 |  |  | — |  |  | 184 |  |  | 79,000 |  |  | 13.94 |  |  | — |  |  | — |
Totals |  | 151,667 |  |  | $ | 2,102 |  |  | — |  |  | $ | 348 |  |  | 114,334 |  |  | $ | 13.87 |  |  | 37,333 |  |  | $ | 13.84 |
(1)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2020 is 0.1 years. (2)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2020 is 1.1 years. (3)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2020 is 2.1 years. (4)Total is shown net of 2019 forfeitures of 333 shares. (5)Total is shown net of 2019 forfeitures of 2,500 shares.
|  | Total Grants |  |  |  | Current period activity |  |  |  | Non-vested shares at June 30, 2019 |  |  |  | Fully-vested shares at June 30, 2019 |  |
Six months ended June 30, 2019 |  | Total shares granted |  | Total expected cost of grant |  | Shares granted during the year |  | Grant expense recognized for the six months ended June 30, 2019 |  | Shares |  | Per share grant date fair value |  | Shares |  | Per share grant date fair value
Directors’ Grants 2018(1) |  | 12,000 |  |  | $ | 162 |  |  | — |  |  | $ | 14 |  |  | — |  |  | $ | 13.48 |  |  | 12,000 |  |  | $ | 13.48 |
Employee and Service Provider Grant 2016(2,5) |  | 144,667 |  |  | 1,953 |  |  | — |  |  | 306 |  |  | 46,222 |  |  | 13.50 |  |  | 98,445 |  |  | 13.50 |
Employee and Service Provider Grant 2017(3) |  | 39,000 |  |  | 544 |  |  | — |  |  | 90 |  |  | 26,000 |  |  | 13.95 |  |  | 13,000 |  |  | 13.95 |
Employee and Service Provider Grant 2018(4,6) |  | 34,000 |  |  | 462 |  |  | — |  |  | 72 |  |  | 34,000 |  |  | 13.58 |  |  | — |  |  | — |
Totals |  | 229,667 |  |  | $ | 3,121 |  |  | — |  |  | $ | 482 |  |  | 106,222 |  |  | $ | 13.64 |  |  | 123,445 |  |  | $ | 13.55 |
(1)Half of the 12,000 shares granted vested immediately on the grant date while the remaining shares vest ratably over a one-year period. Grant is fully vested at June 30, 2019. (2)Vesting is ratable over the three-year period from grant date. Weighted average remaining life of grant at June 30, 2019 is 0.1 years. (3)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2019 is 1.1 years. (4)Vesting is ratable over three-year period from grant date. Weighted average remaining life of grant at June 30, 2019 is 2.1 years. (5)Total is shown net of 2017 forfeitures of 4,000 shares, 2018 forfeitures of 2,666 shares and 2019 forfeitures of 1,667 shares. (6)Total is shown net of 2019 forfeitures of 2,500 shares

X
- Definition Represents information regarding stock based management fees and director fees. + References No definition available. + Details
Name: | ajx_StockBasedManagementFeesAndDirectorFeesTableTextBlock
Namespace Prefix: | ajx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration