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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Net Interest Income                    
Interest income $ 24,686 $ 19,629 $ 14,228 $ 12,119 $ 11,171 $ 9,717 $ 13,369 $ 40,268 $ 70,662 $ 74,525
Interest expense 10,698 7,197 5,294 4,061 4,004 4,357 8,613 19,971 27,250 36,945
Total Net Interest Income 13,988 12,432 8,934 8,058 7,167 5,360 4,756 20,297 43,412 37,580
Other Income/(Loss)                    
Net interest component of interest rate swaps                 (4,862) 731
Net realized gain/(loss) 6,822 (5,460) 4,374 (4,038) 661 (14,431) (91,609) (151,143) 1,698 (256,522)
Net unrealized gain/(loss) 3,704 29,461 9,685 19,849 16,754 21,465 100,179 (308,211) 62,699 (169,813)
Other income/(loss), net 0 0 0 37 47 (10) (155) 1,652 37 1,534
Total Other Income/(Loss) 9,162 22,817 12,486 15,107 17,283 7,011 8,415 (456,779) 59,572 (424,070)
Expenses                    
Management fee to affiliate 1,800 1,693 1,667 1,654 1,656 1,698 1,678 2,149 6,814 7,181
Other operating expenses 3,229 2,997 2,981 4,150 3,238 4,340 4,184 4,149 13,357 15,911
Transaction related expenses 3,597 2,013 1,885 (167) 22 1,589 373 (3,219) 7,328 (1,235)
Restructuring related expenses         251 1,345 7,104 1,500 0 10,200
Excise tax         0 0 0 (815) 0 (815)
Servicing fees 1,052 849 672 615 539 540 566 579 3,188 2,224
Total Expenses 9,678 7,552 7,205 6,252 5,706 9,512 13,905 4,343 30,687 33,466
Income/(loss) before equity in earnings/(loss) from affiliates 13,472 27,697 14,215 16,913 18,744 2,859 (734) (440,825) 72,297 (419,956)
Equity in earnings/(loss) from affiliates (2,607) 6,882 1,278 26,336 21,942 17,187 3,434 (44,192) 31,889 (1,629)
Net Income/(Loss) from Continuing Operations         40,686 20,046 2,700 (485,017) 104,186 (421,585)
Net Income/(Loss) from Discontinued Operations         305 0 361 0 0 666
Net Income/(Loss) 10,865 34,579 15,493 43,249 40,991 20,046 3,061 (485,017) 104,186 (420,919)
Gain on Exchange Offers, net 0 0 114 358 10,035 539 0 0 472 10,574
Dividends on preferred stock                 (18,785) (20,549)
Net Income/(Loss) Available to Common Stockholders $ 6,279 $ 29,993 $ 10,918 $ 38,683 $ 47,374 $ 15,022 $ (2,606) $ (490,684) $ 85,873 $ (430,894)
Earnings/(Loss) Per Share - Basic                    
Continuing Operations (in dollars per share)         $ 3.47 $ 1.31 $ (0.27) $ (44.98) $ 5.29 [1] $ (36.79) [1]
Discontinued Operations (in dollars per share)         0.02 0 0.03 0 0 [1] 0.06 [1]
Total Earnings/(Loss) Per Share of Common Stock (in dollars per share) $ 0.33 $ 1.87 $ 0.70 $ 2.74 3.49 1.31 (0.24) (44.98) 5.29 [1] (36.73) [1]
Earnings/(Loss) Per Share - Diluted                    
Continuing Operations (in dollars per share)         3.47 1.31 (0.27) (44.98) 5.29 [1] (36.79) [1]
Discontinued Operations (in dollars per share)         0.02 0 0.03 0 0 [1] 0.06 [1]
Total Earnings/(Loss) Per Share of Common Stock (in dollars per share) $ 0.33 $ 1.87 $ 0.70 $ 2.74 $ 3.49 $ 1.31 $ (0.24) $ (44.98) $ 5.29 [1] $ (36.73) [1]
Weighted Average Number of Shares of Common Stock Outstanding                    
Basic (in dollars per share) [1]                 16,234 11,730
Diluted (in dollars per share) [1]                 16,234 11,730
[1] Amounts have been adjusted to reflect the one-for-three reverse stock split effected July 22, 2021. See Note 2 and Note 11 for additional details.