XML 195 R24.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Earnings (loss) per share available to Third Point Re common shareholders | 12 Months Ended
--- | ---
Dec. 31, 2019
Earnings Per Share [Abstract] |
Earnings (loss) per share available to Third Point Re common shareholders | The following sets forth the computation of basic and diluted earnings (loss) per share available to Third Point Re common shareholders for the years ended December 31, 2019, 2018 and 2017:
|  | 2019 |  | 2018 |  | 2017
Weighted-average number of common shares outstanding: | ($ in thousands, except share and per share amounts)
| Basic number of common shares outstanding | 91,835,990 |  |  | 97,054,315 |  |  | 102,264,094 |
| Dilutive effect of options | 125,530 |  |  | — |  |  | 1,392,384 |
| Dilutive effect of warrants | 91,884 |  |  | — |  |  | 1,270,957 |
| Dilutive effect of restricted shares with service and performance condition | 598,912 |  |  | — |  |  | 299,603 |
| Diluted number of common shares outstanding | 92,652,316 |  |  | 97,054,315 |  |  | 105,227,038 |
Basic earnings (loss) per common share: |  |  |  |  |
| Net income (loss) available to Third Point Re common shareholders | $ | 200,619 |  |  | $ | (317,692 | ) |  | $ | 277,798 |
| Net income allocated to Third Point Re participating common shareholders | (643 | ) |  | — |  |  | (263 | )
| Net income (loss) allocated to Third Point Re common shareholders | $ | 199,976 |  |  | $ | (317,692 | ) |  | $ | 277,535 |
| Basic earnings (loss) per share available to Third Point Re common shareholders | $ | 2.18 |  |  | $ | (3.27 | ) |  | $ | 2.71 |
Diluted earnings (loss) per common share: |  |  |  |  |
| Net income (loss) available to Third Point Re common shareholders | $ | 200,619 |  |  | $ | (317,692 | ) |  | $ | 277,798 |
| Net income allocated to Third Point Re participating common shareholders | (637 | ) |  | — |  |  | (256 | )
| Net income (loss) allocated to Third Point Re common shareholders | $ | 199,982 |  |  | $ | (317,692 | ) |  | $ | 277,542 |
| Diluted earnings (loss) per share available to Third Point Re common shareholders | $ | 2.16 |  |  | $ | (3.27 | ) |  | $ | 2.64 |
For the years ended December 31, 2019 and 2017, anti-dilutive options of 3,719,404 and 4,056,588, respectively, were excluded from the computation of diluted earnings per share. As a result of the net loss for the year ended December 31, 2018, dilutive options, warrants and restricted shares with service and performance conditions totaling 9,820,795 were considered anti-dilutive and were excluded from the computation of diluted loss per common share. No allocation of the net loss has been made to participating shares in the calculation of diluted net loss per common share.

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://fasb.org/us-gaap/role/ref/legacyRef -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