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Net Income (Loss) Per Common Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share NET INCOME (LOSS) PER COMMON SHARE
Basic and diluted net income (loss) per common share are calculated using the two-class method.  Net income (loss) applicable to common shares is divided by the weighted-average number of common shares outstanding during the period.  Adjustments to the weighted average number of common shares outstanding are made only when such adjustments will dilute net income per common share.  Net income (loss) applicable to common shares is then divided by the weighted-average number of common shares and common share equivalents during the period.
The following table presents the calculation of basic and diluted net income (loss) per common share:
Three Months Ended
March 31,
(dollars and shares in thousands, except per share data)20232022
Net income (loss)$146,600 $(27,586)
Preferred dividends(4,034)(2,017)
Net income (loss) applicable to common shares$142,566 $(29,603)
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)291,088 227,002 
Effect of dilutive securities:
Restricted stock1,666 — 
Stock appreciation rights2 — 
Weighted average diluted shares outstanding292,756 227,002 
Basic Net Income (Loss) Per Common Share$0.49 $(0.13)
Diluted Net Income (Loss) Per Common Share$0.49 $(0.13)