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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Preferred Stock, Series A 8.50% Cumulative Redeemable - Liquidation Preference $25.00 per Share:
Common Stock, Par Value $.01:
Additional Paid-in Capital, in excess of Par:
Accumulated Deficit:
Accumulated Other Comprehensive Income/(Loss):
Balance at Dec. 31, 2009   $ 38 $ 2,801 $ 2,180,605 $ (202,189) $ 187,007
Balance (in shares) at Dec. 31, 2009   3,840,000 280,078,000      
Increase (Decrease) in Stockholders' Equity            
Issuance of common stock, net of expenses [1]     4 605    
Issuance of common stock, net of expenses (in shares) [1]     403,000      
Equity-based compensation expense 3,283     3,283    
Net income 269,762       269,762  
Dividends declared on common stock         (250,079)  
Dividends declared on preferred stock (8,160)       (8,160)  
Dividends attributable to DERs         (903)  
Change in unrealized gains/(losses) on MBS, net 54,352         54,352
Change in unrealized gains on derivative hedging instruments, net           13,321
Balance at Dec. 31, 2010 2,250,447 38 2,805 2,184,493 (191,569) 254,680
Balance (in shares) at Dec. 31, 2010   3,840,000 280,481,000      
Increase (Decrease) in Stockholders' Equity            
Issuance of common stock, net of expenses [1]     756 607,047    
Issuance of common stock, net of expenses (in shares) [1]     75,631,000      
Equity-based compensation expense 4,385     4,385    
Net income 316,414       316,414  
Dividends declared on common stock         (358,104)  
Dividends declared on preferred stock (8,160)       (8,160)  
Dividends attributable to DERs         (1,642)  
Change in unrealized gains/(losses) on MBS, net (338,331)         (338,331)
Change in unrealized gains on derivative hedging instruments, net           24,948
Balance at Dec. 31, 2011 2,497,760 38 3,561 2,795,925 (243,061) (58,703)
Balance (in shares) at Dec. 31, 2011   3,840,000 356,112,000      
Increase (Decrease) in Stockholders' Equity            
Issuance of common stock, net of expenses [1]     30 15,432    
Issuance of common stock, net of expenses (in shares) [1]     2,966,000      
Shares issued for common stock option exercises       35    
Equity-based compensation expense 6,488     6,488    
Repurchase of shares of common stock [1]     (16) (12,156)    
Repurchase of shares of common stock (in shares) [1]     (1,532,000)      
Net income 306,839       306,839  
Dividends declared on common stock         (314,553)  
Dividends declared on preferred stock (8,160)       (8,160)  
Dividends attributable to DERs         (1,373)  
Change in unrealized gains/(losses) on MBS, net 769,317         769,317
Change in unrealized gains on derivative hedging instruments, net           51,363
Balance at Dec. 31, 2012 $ 3,311,006 $ 38 $ 3,575 $ 2,805,724 $ (260,308) $ 761,977
Balance (in shares) at Dec. 31, 2012   3,840,000 357,546,000      
[1] For the year ended December 31, 2012, includes approximately $9.7 million (1,240,291 shares) repurchased through the Company's publicly announced stock repurchase program and approximately $2.5 million (291,803 shares) surrendered for tax purposes related to equity-based compensation awards.