Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Preferred Stock
The following table presents cash dividends declared by the Company on its preferred stock since their issuances:
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend Per Preferred Share
Series A Preferred Stock:
 
 
 
 
 
 
March 20, 2018
 
April 12, 2018
 
April 27, 2018
 
$
0.50781

December 14, 2017
 
January 12, 2018
 
January 29, 2018
 
$
0.50781

September 14, 2017
 
October 12, 2017
 
October 27, 2017
 
$
0.50781

June 15, 2017
 
July 12, 2017
 
July 27, 2017
 
$
0.75043

Series B Preferred Stock:
 
 
 
 
 
 
March 20, 2018
 
April 12, 2018
 
April 27, 2018
 
$
0.47656

December 14, 2017
 
January 12, 2018
 
January 29, 2018
 
$
0.47656

September 14, 2017
 
October 12, 2017
 
October 27, 2017
 
$
0.51892

Series C Preferred Stock:
 
 
 
 
 
 
March 20, 2018
 
April 12, 2018
 
April 27, 2018
 
$
0.45313

December 14, 2017
 
January 12, 2018
 
January 29, 2018
 
$
0.30208

Schedule of Stock by Class
The following table presents a reconciliation of the common shares outstanding for the three months ended March 31, 2018 and 2017:
 
Number of common shares
Common shares outstanding, December 31, 2016
173,826,163

Issuance of common stock
5,633

Issuance of restricted stock (1)
624,711

Common shares outstanding, March 31, 2017
174,456,507

 
 
Common shares outstanding, December 31, 2017
174,496,587

Issuance of common stock
4,921

Issuance of restricted stock (1)
933,270

Common shares outstanding, March 31, 2018
175,434,778

____________________
(1)
Represents shares of restricted stock granted under the Second Restated 2009 Equity Incentive Plan, net of forfeitures, of which 1,739,397 restricted shares remained subject to vesting requirements at March 31, 2018.
Dividends Declared
The following table presents cash dividends declared by the Company on its common stock from December 31, 2016 through March 31, 2018:
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend Per Common Share
March 20, 2018
 
April 2, 2018
 
April 27, 2018
 
$
0.47

December 14, 2017
 
December 26, 2017
 
December 29, 2017
 
$
0.47

September 14, 2017
 
September 29, 2017
 
October 27, 2017
 
$
0.52

June 15, 2017
 
June 30, 2017
 
July 27, 2017
 
$
0.52

March 14, 2017
 
March 31, 2017
 
April 27, 2017
 
$
0.50

Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive (loss) income at March 31, 2018 and December 31, 2017 was as follows:
(in thousands)
March 31,
2018
 
December 31,
2017
Available-for-sale securities
 
 
 
Unrealized gains
$
475,023

 
$
475,694

Unrealized losses
(475,069
)
 
(140,881
)
Accumulated other comprehensive (loss) income
$
(46
)
 
$
334,813

Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2018 and 2017:
 
 
Affected Line Item in the Condensed Consolidated Statements of Comprehensive (Loss) Income
 
Amount Reclassified out of Accumulated Other Comprehensive (Loss) Income
 
 
 
 
Three Months Ended
(in thousands)
 
 
 
March 31,
 
 
 
 
2018
 
2017
Other-than-temporary impairments on AFS securities
 
Total other-than-temporary impairment losses
 
$
94

 
$

Realized (gains) losses on sales of certain AFS securities, net of tax
 
Loss on investment securities
 
(1,329
)
 
9,313

Total
 
 
 
$
(1,235
)
 
$
9,313