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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
BASIC AND DILUTED EARNINGS PER COMMON SHARE
The following table presents a comparison of basic and diluted earnings per common share:
 
  
Three months ended March 31,
 
 
  
2018
 
2017
 
 
 
 
 
 
 
 
Basic earnings per common share
 
 
 
 
 
Net income
$
73,202

 
$
19,855

 
 
Less: preferred share dividends
10,656

 
14,841

 
 
Net income available to common shareholders
62,546

 
5,014

 
 
Weighted average common shares outstanding - basic
83,322

 
86,022

 
 
Basic earnings per common share
$
0.75

 
$
0.06

 
 
 
 
 
 
 
 
Diluted earnings per common share
 
 
 
 
 
Net income available to common shareholders
$
62,546

 
$
5,014

 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
83,322

 
86,022

 
 
Share-based compensation plans
399

 
771

 
 
Weighted average common shares outstanding - diluted
83,721

 
86,793

 
 
 
 
 
 
 
 
Diluted earnings per common share
$
0.75

 
$
0.06

 
 
 
 
 
 
 
 
Weighted average anti-dilutive shares excluded from the dilutive computation
810

 
551