XML 46 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

EARNINGS PER COMMON SHARE | 12 Months Ended
--- | ---
Dec. 31, 2017
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | The following table presents a comparison of basic and diluted earnings per common share:
| At and year ended December 31, | 2017 |  | 2016 |  | 2015 |
| Basic earnings (loss) per common share |  |  |  |  |  |
| Net income (loss) | $ | (368,969 | ) |  | $ | 513,368 |  |  | $ | 641,631 |  |
| Less: Preferred share dividends | 46,810 |  |  | 46,597 |  |  | 40,069 |  |
| Less: Loss on repurchase of preferred shares | — |  |  | 1,309 |  |  | — |  |
| Net income (loss) available to common shareholders | $ | (415,779 | ) |  | $ | 465,462 |  |  | $ | 601,562 |  |
| Weighted average common shares outstanding - basic(1) | 84,108 |  |  | 90,772 |  |  | 98,609 |  |
| Basic earnings (loss) per common share | $ | (4.94 | ) |  | $ | 5.13 |  |  | $ | 6.10 |  |
| Diluted basic earnings (loss) per common share |  |  |  |  |  |
| Net income (loss) available to common shareholders | $ | (415,779 | ) |  | $ | 465,462 |  |  | $ | 601,562 |  |
| Weighted average common shares outstanding - basic(1) | 84,108 |  |  | 90,772 |  |  | 98,609 |  |
| Share-based compensation plans(2) | — |  |  | 775 |  |  | 1,020 |  |
| Weighted average common shares outstanding - diluted(1) | 84,108 |  |  | 91,547 |  |  | 99,629 |  |
| Diluted earnings (loss) per common share | $ | (4.94 | ) |  | $ | 5.08 |  |  | $ | 6.04 |  |
| Weighted average anti-dilutive shares excluded from the dilutive computation | 702 |  |  | 170 |  |  | 165 |  |
(1) | On August 17, 2015, the Company entered into an Accelerated Share Repurchase ("ASR") agreement (see Note 14 'Shareholders' Equity'). The weighted-average number of shares outstanding used in the computation of basic and diluted earnings per share reflects the Company’s receipt of 4,149,378 shares delivered to the Company on August 20, 2015, and 1,358,380 common shares delivered to the Company on January 15, 2016 under the Company's ASR agreement.
(2) | Due to the net loss incurred in the year ended December 31, 2017, all the share equivalents were anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration