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EARNINGS PER COMMON SHARE
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
The following table presents a comparison of basic and diluted earnings per common share:
 
  
Three months ended September 30,
 
Nine months ended September 30,
 
 
  
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share
 
 
 
 
 
 
 
 
 
Net income (loss)
$
54,095

 
$
(457,084
)
 
$
230,812

 
$
(341,541
)
 
 
Less: preferred share dividends
10,656

 
10,656

 
31,969

 
36,154

 
 
Net income (loss) available to common shareholders
43,439

 
(467,740
)
 
198,843

 
(377,695
)
 
 
Weighted average common shares outstanding - basic
83,558

 
83,305

 
83,474

 
84,479

 
 
Basic earnings (loss) per common share
$
0.52

 
$
(5.61
)
 
$
2.38

 
$
(4.47
)
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per diluted common share
 
 
 
 
 
 
 
 
 
Net income (loss) available to common shareholders
$
43,439

 
$
(467,740
)
 
$
198,843

 
$
(377,695
)
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
83,558

 
83,305

 
83,474

 
84,479

 
 
Share-based compensation plans (1)
549

 
—

 
465

 
—

 
 
Weighted average common shares outstanding - diluted
84,107

 
83,305

 
83,939

 
84,479

 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per diluted common share
$
0.52

 
$
(5.61
)
 
$
2.37

 
$
(4.47
)
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average anti-dilutive shares excluded from the dilutive computation
8

 
425

 
325

 
712

 
 
 
 
 
 
 
 
 
 
 

(1) Due to the net loss incurred in the three and nine months ended September 30, 2017, all the share equivalents were anti-dilutive.