2013 Q2 Form 10-Q Financial Statement

#000082667513000031 Filed on August 09, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2 2011 Q4
Revenue $33.89M $27.13M $23.70M
YoY Change 24.94% 28.77% 65.73%
Cost Of Revenue $11.40M
YoY Change
Gross Profit $22.40M
YoY Change
Gross Profit Margin 66.1%
Selling, General & Admin $3.800M $3.000M $3.200M
YoY Change 26.67% 30.43% 10.34%
% of Gross Profit 16.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.800M $11.00M $10.10M
YoY Change -65.45% 30.95% 48.53%
Operating Profit $18.60M
YoY Change
Interest Expense $11.45M $8.117M $800.0K
YoY Change 41.01% 34.57% -63.64%
% of Operating Profit 61.54%
Other Income/Expense, Net
YoY Change
Pretax Income $31.50M $18.80M $14.40M
YoY Change 67.55% 38.24% 50.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $31.53M $18.85M $14.40M
YoY Change 67.32% 38.64% 50.0%
Net Earnings / Revenue 93.05% 69.48% 60.76%
Basic Earnings Per Share $0.54 $0.35 $0.36
Diluted Earnings Per Share $0.54 $0.35 $0.36
COMMON SHARES
Basic Shares Outstanding 54.97M shares 54.35M shares 40.38M shares
Diluted Shares Outstanding 54.97M shares 54.35M shares

Balance Sheet

Concept 2013 Q2 2012 Q2 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.30M $53.80M $48.80M
YoY Change -45.54% 58.24% 159.57%
Cash & Equivalents $29.34M $53.76M $48.78M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $47.20M $17.60M $12.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $76.50M $71.40M $61.40M
YoY Change 7.14% 57.27% 146.59%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.627B $3.628B $2.501B
YoY Change 27.53% 40.03% 54.95%
Other Assets
YoY Change
Total Long-Term Assets $4.673B $3.658B $2.521B
YoY Change 27.75% 40.08% 55.16%
TOTAL ASSETS
Total Short-Term Assets $76.50M $71.40M $61.40M
Total Long-Term Assets $4.673B $3.658B $2.521B
Total Assets $4.749B $3.729B $2.582B
YoY Change 27.35% 40.37% 56.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.700M $2.000M $2.200M
YoY Change -15.0% 42.86% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $4.071B $3.112B $2.094B
YoY Change 30.83%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.091B $3.130B $2.107B
YoY Change 30.72% 25344.72% 22559.14%
LONG-TERM LIABILITIES
Long-Term Debt $24.60M $31.60M $70.90M
YoY Change -22.15% -98.59% -94.71%
Other Long-Term Liabilities $26.40M $42.90M $32.70M
YoY Change -38.46% 134.43% 388.06%
Total Long-Term Liabilities $51.00M $74.50M $103.6M
YoY Change -31.54% -96.7% -92.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.091B $3.130B $2.107B
Total Long-Term Liabilities $51.00M $74.50M $103.6M
Total Liabilities $4.142B $3.204B $2.211B
YoY Change 29.27% 41.16% 62.89%
SHAREHOLDERS EQUITY
Retained Earnings -$235.0M -$256.1M -$260.5M
YoY Change -8.24% 0.76% 1.63%
Common Stock $767.7M $759.7M $635.1M
YoY Change 1.05% 19.76% 17.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $607.2M $525.1M $371.3M
YoY Change
Total Liabilities & Shareholders Equity $4.749B $3.729B $2.582B
YoY Change 27.35% 40.37% 56.54%

Cashflow Statement

Concept 2013 Q2 2012 Q2 2011 Q4
OPERATING ACTIVITIES
Net Income $31.53M $18.85M $14.40M
YoY Change 67.32% 38.64% 50.0%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $56.60M $34.50M $17.00M
YoY Change 64.06% 78.76% 78.95%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$469.9M -$432.4M $29.20M
YoY Change 8.67% 40.25% -105.19%
Cash From Investing Activities -$469.9M -$432.4M $29.20M
YoY Change 8.67% 40.25% -105.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 398.6M 409.9M -7.600M
YoY Change -2.76% 50.15% -101.37%
NET CHANGE
Cash From Operating Activities 56.60M 34.50M 17.00M
Cash From Investing Activities -469.9M -432.4M 29.20M
Cash From Financing Activities 398.6M 409.9M -7.600M
Net Change In Cash -14.70M 12.00M 38.60M
YoY Change -222.5% -175.0% 2312.5%
FREE CASH FLOW
Cash From Operating Activities $56.60M $34.50M $17.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
1827000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3313000 USD
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
505718 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
6947 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
270158 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
241663 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
5365000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
66000 USD
dx Cash Paid For Stock Appreciation Rights
CashPaidForStockAppreciationRights
9000 USD
dx Cash Paid For Stock Appreciation Rights
CashPaidForStockAppreciationRights
21000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
342000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-20542000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
92246000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-14558000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-39735000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
52511000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35100000 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
759214000 USD
CY2013Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
767172000 USD
CY2012Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
759167000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
634683000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
-545000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
812000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1096000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
59000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
119000 USD
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
625000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1115000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
920000 USD
CY2012Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
468000 USD
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15000 shares
CY2013Q2 us-gaap Assets
Assets
4749271000 USD
CY2012Q4 us-gaap Assets
Assets
4280229000 USD
CY2013Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
4550831000 USD
CY2012Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
3981666000 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
2938000 USD
us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
3422000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29343000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55809000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4987000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53763000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48776000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-26466000 USD
CY2014 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
9042000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.58
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
54268915 shares
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
55173392 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54268915 shares
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
55173392 shares
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54366382 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40382530 shares
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
552000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
543000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36475000 USD
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17429000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-65123000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
60084000 USD
CY2012Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0070
CY2013Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0060
CY2012Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
-659000 USD
CY2013Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
-451000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
33012000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
66751000 USD
CY2012Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2013Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2012Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
0 USD
CY2013Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
600000000 USD
CY2013Q2 us-gaap Derivative Assets
DerivativeAssets
14860000 USD
CY2012Q4 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2013Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
10631000 USD
CY2012Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2013Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
2602000 USD
CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
38000 USD
CY2013Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
38000 USD
CY2012Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
42499000 USD
CY2013Q2 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
20420000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
14860000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
0 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
1627000 USD
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
21192000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
42537000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
42537000 USD
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
21192000 USD
CY2013Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
734000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 USD
CY2012Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
0 USD
CY2013Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
14860000 USD
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
42537000 USD
CY2013Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
21192000 USD
CY2013Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2012Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
3606665000 USD
CY2013Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
4092584000 USD
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 USD
CY2013Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
734000 USD
CY2013Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 USD
CY2013Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
38000 USD
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
38000 USD
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
3606627000 USD
CY2013Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
4091812000 USD
CY2012Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
3606665000 USD
CY2013Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
4092584000 USD
CY2013Q2 us-gaap Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
180000
CY2012Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 USD
CY2013Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
17902000 USD
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16770000 USD
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2012Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
3967134000 USD
CY2013Q2 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
4437651000 USD
CY2012Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
4103981000 USD
CY2013Q2 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
4559323000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
5009000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1231000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-1234000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-174000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
782000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2139000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
53397000 USD
CY2013Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
33890000 USD
CY2012Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
27125000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
66872000 USD
us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
3031000 USD
CY2013Q2 us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
903000 USD
CY2012Q2 us-gaap Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
1527000 USD
CY2013Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
19000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
38000 USD
CY2012Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
79000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
384000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
8117000 USD
us-gaap Interest Expense
InterestExpense
15242000 USD
us-gaap Interest Expense
InterestExpense
21902000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
11446000 USD
CY2012Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
254000 USD
CY2013Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
281000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
519000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
735000 USD
CY2012Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
7863000 USD
CY2013Q2 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
11165000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1130100000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
14507000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
21383000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
44709000 USD
CY2012Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19008000 USD
CY2013Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
22444000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
38095000 USD
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
19008000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
44970000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
38155000 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
22444000 USD
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
49982000 USD
CY2012Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
25519000 USD
CY2013Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
32968000 USD
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
65007000 USD
us-gaap Interest Paid
InterestPaid
15314000 USD
us-gaap Interest Paid
InterestPaid
22065000 USD
CY2013Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1661000 USD
CY2012Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2895000 USD
CY2012Q4 us-gaap Interest Receivable
InterestReceivable
23073000 USD
CY2013Q2 us-gaap Interest Receivable
InterestReceivable
24304000 USD
CY2013Q2 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
3709044000 USD
CY2012Q4 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
3181586000 USD
CY2012Q4 us-gaap Investments
Investments
4175662000 USD
CY2013Q2 us-gaap Investments
Investments
4627188000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
4666000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
3577000 USD
CY2012Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1779000 USD
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2308000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
3663519000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
4142034000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4280229000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4749271000 USD
CY2013Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
193204000 USD
CY2013Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0145
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
3422000 USD
CY2013Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
2031000 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
2938000 USD
CY2012Q2 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
2587000 USD
CY2013Q2 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
4530289000 USD
CY2012Q4 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
4073912000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1075960000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
528150000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-656605000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
59127000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101989000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
18847000 USD
us-gaap Net Income Loss
NetIncomeLoss
51136000 USD
us-gaap Net Income Loss
NetIncomeLoss
35323000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
31534000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29442000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
47823000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18847000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35323000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29442000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18847000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
47823000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
35323000 USD
CY2013Q2 us-gaap Non Recourse Debt
NonRecourseDebt
24634000 USD
CY2012Q4 us-gaap Non Recourse Debt
NonRecourseDebt
30504000 USD
CY2012Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
159000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
528000 USD
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
13000 USD
CY2013Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
101000 USD
CY2013Q2 us-gaap Notes Receivable Net
NotesReceivableNet
62083000 USD
CY2012Q4 us-gaap Notes Receivable Net
NotesReceivableNet
70823000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1418000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-96657000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24761000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-87611000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
3422000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
2031000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-8796000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-3509000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-6775000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4693000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
15944000 USD
CY2012Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2568000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-17780000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
16381000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-14693000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-109366000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
9766000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
35766000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-115263000 USD
CY2012Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
858000 USD
CY2013Q2 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
5782000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
6685000 USD
CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
5253000 USD
CY2012Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1245000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
2938000 USD
CY2013Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1487000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
436000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-142000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1707000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
26524000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
34084000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
545000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1517541000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1310794000 USD
CY2013Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2092000 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
7841000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8677000 USD
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
16408000 USD
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
8495000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
123808000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7412000 USD
us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
0 USD
us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
ProceedsFromIssuanceOfRedeemablePreferredStock
54251000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-39455000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-5940000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
507056000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1018131000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
106206000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
164916000 USD
us-gaap Profit Loss
ProfitLoss
51136000 USD
us-gaap Profit Loss
ProfitLoss
35323000 USD
CY2012Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
60000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
261000 USD
CY2013Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
CY2012Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
0 USD
CY2013Q2 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
22875000 USD
CY2012 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P49D
CY2011 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P57D
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-235045000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-250965000 USD
us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Income, Premium Amortization, and Discount Accretion&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest income is accrued based on the outstanding principal balance (or notional balance in the case of interest-only, or "IO", securities) on the Company's investment securities and their contractual terms. Premiums and discounts on Agency and non-Agency MBS and on loans are recognized over the expected life of the investment using the effective yield method in accordance with ASC Topic 310-20. Adjustments to premium amortization are made for actual prepayment activity as well as changes in projected future cash flows in accordance with 320-10. Interest income on non-Agency MBS that are rated lower than &#8220;AA&#8221; are recognized over the expected life as adjusted for the estimated prepayments and credit losses of the securities.&#160;&#160;Actual prepayment and any credit losses experienced are compared to projected prepayments and credit losses, and effective yields are adjusted when those amounts differ.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's projections of future cash flows are based on input and analysis received from external sources and internal models, and includes assumptions about the amount and timing of credit losses, loan prepayment rates, fluctuations in interest rates, and other factors. On at least a quarterly basis, the Company reviews and makes any necessary adjustments to its cash flow projections and updates the yield recognized on these assets.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For securities, the accrual of interest is discontinued when, in the opinion of management, it is probable that all amounts contractually due will not be collected, and in certain instances, as a result of the other-than-temporary impairment analysis. For loans, the accrual of interest is discontinued when, in the opinion of management, the interest is not collectible in the normal course of business, when the loan is significantly past due or when the primary servicer of the loan fails to advance the interest and/or principal due on the loan.&#160;&#160;Loans are considered past due when the borrower fails to make a timely payment in accordance with the underlying loan agreement.&#160;&#160;All interest accrued but not collected for investments that are placed on a non-accrual status or are charged-off is reversed against interest income.&#160;&#160;Interest on these investments is accounted for on the cash-basis or cost-recovery method until qualifying for return to accrual status.&#160;&#160;Investments are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.</font></div></div>
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
0 shares
CY2013Q2 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
4071392000 USD
CY2012Q4 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
3564128000 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
3564128000 USD
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
4071392000 USD
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 USD
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 USD
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 USD
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
4071392000 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
3564128000 USD
CY2013Q2 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
4071392000 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
3564128000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1115000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
920000 USD
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2500000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1550118 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
52385 shares
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
607237000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
616710000 USD
us-gaap Trading Gains Losses
TradingGainsLosses
10596000 USD
CY2013Q2 us-gaap Trading Gains Losses
TradingGainsLosses
10753000 USD
CY2012Q2 us-gaap Trading Gains Losses
TradingGainsLosses
117000 USD
us-gaap Trading Gains Losses
TradingGainsLosses
-93000 USD
CY2012Q4 us-gaap Trading Securities Cost
TradingSecuritiesCost
27535000 USD
CY2013Q2 us-gaap Trading Securities Cost
TradingSecuritiesCost
27231000 USD
CY2012Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
30069000 USD
CY2013Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
29034000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-93000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
10596000 USD
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
-731000 USD
CY2013Q2 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
-623000 USD
us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
0 USD
CY2012Q2 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
569000 USD
CY2012Q4 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
3935504000 USD
CY2013Q2 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
4430811000 USD
CY2012Q4 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
3564128000 USD
CY2013Q2 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
4071392000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenue and expenses during the reported period.&#160;&#160;Actual results could differ from those estimates.&#160;&#160;The most significant estimates used by management include but are not limited to fair value measurements of its investments, allowance for loan losses, other-than-temporary impairments, contingencies, and amortization of premiums and discounts. These items are discussed further below within this note to the consolidated financial statements.</font></div><div style="line-height:120%;text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></div>
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54638651 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51930581 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54353811 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54973561 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54638651 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54973561 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54353811 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51930581 shares
CY2012Q4 dx Accumulated Other Comprehensive Income Loss Available For Sale Securities Unrealized Gains Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesUnrealizedGainsNetOfTax
104869000 USD
CY2013Q2 dx Accumulated Other Comprehensive Income Loss Available For Sale Securities Unrealized Gains Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesUnrealizedGainsNetOfTax
50839000 USD
CY2012Q4 dx Accumulated Other Comprehensive Income Loss Available For Sale Securities Unrealized Losses Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesUnrealizedLossesNetOfTax
12623000 USD
CY2013Q2 dx Accumulated Other Comprehensive Income Loss Available For Sale Securities Unrealized Losses Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesUnrealizedLossesNetOfTax
71381000 USD
CY2012Q4 dx Accumulated Other Comprehensive Income Loss Unrealized Gains From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainsFromCashFlowHedgesEffectNetOfTax
0 USD
CY2013Q2 dx Accumulated Other Comprehensive Income Loss Unrealized Gains From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainsFromCashFlowHedgesEffectNetOfTax
3966000 USD
CY2013Q2 dx Accumulated Other Comprehensive Income Loss Unrealized Losses From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedLossesFromCashFlowHedgesEffectNetOfTax
18524000 USD
CY2012Q4 dx Accumulated Other Comprehensive Income Loss Unrealized Losses From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedLossesFromCashFlowHedgesEffectNetOfTax
39735000 USD
CY2013Q2 dx Amount Outstanding With Counterparty
AmountOutstandingWithCounterparty
432710000 USD
dx Comprehensive Income To Common Shareholders
ComprehensiveIncomeToCommonShareholders
-39788000 USD
CY2013Q2 dx Comprehensive Income To Common Shareholders
ComprehensiveIncomeToCommonShareholders
-67215000 USD
dx Comprehensive Income To Common Shareholders
ComprehensiveIncomeToCommonShareholders
60084000 USD
CY2012Q2 dx Comprehensive Income To Common Shareholders
ComprehensiveIncomeToCommonShareholders
17429000 USD
CY2013Q2 dx Dividend Reinvestment Plan Shares Authorized
DividendReinvestmentPlanSharesAuthorized
3000000 shares
dx Increase In Principal Receivable On Investments
IncreaseInPrincipalReceivableOnInvestments
2766000 USD
dx Increase In Principal Receivable On Investments
IncreaseInPrincipalReceivableOnInvestments
5852000 USD
CY2013Q2 dx Investments Unamortized Premium Discount
InvestmentsUnamortizedPremiumDiscount
841787000 USD
CY2012Q4 dx Investments Unamortized Premium Discount
InvestmentsUnamortizedPremiumDiscount
800080000 USD
CY2013Q2 dx Number Of Counterparties Borrowing Availability
NumberOfCounterpartiesBorrowingAvailability
29 Agreements
CY2013Q2 dx Number Of Counterparties Borrowings Outstanding
NumberOfCounterpartiesBorrowingsOutstanding
21 Agreements
CY2012Q4 dx Principal Payments Receivable
PrincipalPaymentsReceivable
17008000 USD
CY2013Q2 dx Principal Payments Receivable
PrincipalPaymentsReceivable
22860000 USD
dx Principal Payments Received On Investments
PrincipalPaymentsReceivedOnInvestments
269642000 USD
dx Principal Payments Received On Investments
PrincipalPaymentsReceivedOnInvestments
486924000 USD
CY2013Q2 dx Repurchase Agreement Counterparty Percent Of Equity At Risk
RepurchaseAgreementCounterpartyPercentOfEquityAtRisk
0.16
CY2013Q2 dx Stock Issued During Period Remaining Shares Available Dividend Reinvestment Plan
StockIssuedDuringPeriodRemainingSharesAvailableDividendReinvestmentPlan
2476437 shares
CY2013Q2 dx Weighted Average Interest Rate Amount Outstanding With Counterparty
WeightedAverageInterestRateAmountOutstandingWithCounterparty
0.0107
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000826675
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
55174762 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
DYNEX CAPITAL INC

Files In Submission

Name View Source Status
0000826675-13-000031-index-headers.html Edgar Link pending
0000826675-13-000031-index.html Edgar Link pending
0000826675-13-000031.txt Edgar Link pending
0000826675-13-000031-xbrl.zip Edgar Link pending
dx-20130630.xml Edgar Link completed
dx-20130630.xsd Edgar Link pending
dx-20130630_cal.xml Edgar Link unprocessable
dx-20130630_def.xml Edgar Link unprocessable
dx-20130630_lab.xml Edgar Link unprocessable
dx-20130630_pre.xml Edgar Link unprocessable
dx2013q210q.htm Edgar Link pending
ex-311ceocertificationq2x13.htm Edgar Link pending
ex-312cfocertificationq2x13.htm Edgar Link pending
ex-321soxcertificationq2x13.htm Edgar Link pending
exhibit313-articlesofamend.htm Edgar Link pending
exhibit32-amendedandrestat.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R1.xml Edgar Link unprocessable
R10.htm Edgar Link pending
R10.xml Edgar Link unprocessable
R11.htm Edgar Link pending
R11.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R12.xml Edgar Link unprocessable
R13.htm Edgar Link pending
R13.xml Edgar Link unprocessable
R14.htm Edgar Link pending
R14.xml Edgar Link unprocessable
R15.htm Edgar Link pending
R15.xml Edgar Link unprocessable
R16.htm Edgar Link pending
R16.xml Edgar Link unprocessable
R17.htm Edgar Link pending
R17.xml Edgar Link unprocessable
R18.htm Edgar Link pending
R18.xml Edgar Link unprocessable
R19.htm Edgar Link pending
R19.xml Edgar Link unprocessable
R2.htm Edgar Link pending
R2.xml Edgar Link unprocessable
R20.htm Edgar Link pending
R20.xml Edgar Link unprocessable
R21.htm Edgar Link pending
R21.xml Edgar Link unprocessable
R22.htm Edgar Link pending
R22.xml Edgar Link unprocessable
R23.htm Edgar Link pending
R23.xml Edgar Link unprocessable
R24.htm Edgar Link pending
R24.xml Edgar Link unprocessable
R25.htm Edgar Link pending
R25.xml Edgar Link unprocessable
R26.htm Edgar Link pending
R26.xml Edgar Link unprocessable
R27.htm Edgar Link pending
R27.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R28.xml Edgar Link unprocessable
R29.htm Edgar Link pending
R29.xml Edgar Link unprocessable
R3.htm Edgar Link pending
R3.xml Edgar Link unprocessable
R30.htm Edgar Link pending
R30.xml Edgar Link unprocessable
R31.htm Edgar Link pending
R31.xml Edgar Link unprocessable
R32.htm Edgar Link pending
R32.xml Edgar Link unprocessable
R33.htm Edgar Link pending
R33.xml Edgar Link unprocessable
R34.htm Edgar Link pending
R34.xml Edgar Link unprocessable
R35.htm Edgar Link pending
R35.xml Edgar Link unprocessable
R36.htm Edgar Link pending
R36.xml Edgar Link unprocessable
R37.htm Edgar Link pending
R37.xml Edgar Link unprocessable
R38.htm Edgar Link pending
R38.xml Edgar Link unprocessable
R39.htm Edgar Link pending
R39.xml Edgar Link unprocessable
R4.htm Edgar Link pending
R4.xml Edgar Link unprocessable
R40.htm Edgar Link pending
R40.xml Edgar Link unprocessable
R41.htm Edgar Link pending
R41.xml Edgar Link unprocessable
R42.htm Edgar Link pending
R42.xml Edgar Link unprocessable
R43.htm Edgar Link pending
R43.xml Edgar Link unprocessable
R44.htm Edgar Link pending
R44.xml Edgar Link unprocessable
R45.htm Edgar Link pending
R45.xml Edgar Link unprocessable
R5.htm Edgar Link pending
R5.xml Edgar Link unprocessable
R6.htm Edgar Link pending
R6.xml Edgar Link unprocessable
R7.htm Edgar Link pending
R7.xml Edgar Link unprocessable
R8.htm Edgar Link pending
R8.xml Edgar Link unprocessable
R9.htm Edgar Link pending
R9.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending