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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Preferred Stock
Series B Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Balance (in shares) at Dec. 31, 2016   8,000 371,854      
Beginning balance at Dec. 31, 2016 $ 3,033,902 $ 80 $ 3,719 $ 3,029,062 $ (572,641) $ 573,682
Increase (Decrease) in Stockholders' Equity            
Net income 322,393       322,393  
Issuance of common stock, net of expenses (in shares)     26,722      
Issuance of common stock, net of expenses 196,808   $ 259 196,549    
Repurchase of shares of common stock (in shares) [1]     (745)      
Repurchase of shares of common stock [1] (5,995)   $ 0 (5,995)    
Equity based compensation expense 7,872     7,872    
Accrued dividends attributable to stock-based awards (184)     (184)    
Dividends declared on common stock ($0.80 per share) (312,810)       (312,810)  
Dividends declared on preferred stock ($1.875 per share) (15,000)       (15,000)  
Dividends attributable to dividend equivalents (892)       (892)  
Change in unrealized losses on MBS, net 245         245
Derivative hedging instruments fair value changes, net 35,297         35,297
Balance (in shares) at Dec. 31, 2017   8,000 397,831      
Ending balance at Dec. 31, 2017 3,261,636 $ 80 $ 3,978 3,227,304 (578,950) 609,224
Increase (Decrease) in Stockholders' Equity            
Net income 301,801       301,801  
Issuance of common stock, net of expenses (in shares)     52,420      
Issuance of common stock, net of expenses 392,145   $ 520 391,625    
Repurchase of shares of common stock (in shares) [1]     (464)      
Repurchase of shares of common stock [1] (3,392)     (3,392)    
Equity based compensation expense 7,999     7,999    
Accrued dividends attributable to stock-based awards (261)     (261)    
Dividends declared on common stock ($0.80 per share) (339,244)       (339,244)  
Dividends declared on preferred stock ($1.875 per share) (15,000)       (15,000)  
Dividends attributable to dividend equivalents (942)       (942)  
Change in unrealized losses on MBS, net (203,481)         (203,481)
Derivative hedging instruments fair value changes, net 14,545         14,545
Balance (in shares) at Dec. 31, 2018   8,000 449,787      
Ending balance at Dec. 31, 2018 3,416,101 $ 80 $ 4,498 3,623,275 (632,040) 420,288
Increase (Decrease) in Stockholders' Equity            
Net income 378,117       378,117  
Issuance of common stock, net of expenses (in shares)     3,145      
Issuance of common stock, net of expenses 12,325   $ 26 12,299    
Repurchase of shares of common stock (in shares) [1]     (563)      
Repurchase of shares of common stock [1] (4,118)     (4,118)    
Equity based compensation expense 9,230     9,230    
Accrued dividends attributable to stock-based awards (345)     (345)    
Dividends declared on common stock ($0.80 per share) (361,033)       (361,033)  
Dividends declared on preferred stock ($1.875 per share) (15,000)       (15,000)  
Dividends attributable to dividend equivalents (1,084)       (1,084)  
Change in unrealized losses on MBS, net (24,445)         (24,445)
Derivative hedging instruments fair value changes, net (25,796)         (25,796)
Balance (in shares) at Dec. 31, 2019   8,000 452,369      
Ending balance at Dec. 31, 2019 $ 3,383,952 $ 80 $ 4,524 $ 3,640,341 $ (631,040) $ 370,047
[1] For the year ended December 31, 2019, includes approximately $4.1 million (562,815 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2018, includes approximately $3.4 million (464,429 shares) surrendered for tax purposes related to equity-based compensation awards. For the year ended December 31, 2017, includes approximately $6.0 million (744,588 shares) surrendered for tax purposes related to equity-based compensation awards.