XML 47 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Net Income per Share (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Net Income per Share of Common Stock Using Two-Class Method
The table below presents the computation of basic and diluted net income per share of common stock for the three months ended March 31, 2019 and 2018 ($ in thousands except per share data): 
 
For the three months ended March 31,
 
2019
 
2018
Basic Earnings
 
 
 
Net Income
$
67,758

 
$
49,433

Less: Preferred dividends
(6,835
)
 
(6,835
)
Net income available to common stockholders
$
60,923

 
$
42,598

Less: Dividends on participating securities
(851
)
 
(751
)
Basic Earnings
$
60,072

 
$
41,847

 
 
 
 
Diluted Earnings
 
 
 
Net Income
$
67,758

 
$
49,433

Less: Preferred dividends
(6,835
)
 
(6,835
)
Net income available to common stockholders
$
60,923

 
$
42,598

Add: Interest expense on Notes
9,262

 
N/A

Diluted Earnings
$
70,185

 
$
42,598

 
 
 
 
Number of Shares:
 
 
 
Basic weighted-average shares of common stock outstanding
134,607,107

 
110,211,853

Diluted weighted-average shares of common stock outstanding
164,683,086

 
111,871,429

 
 
 


Earnings Per Share Attributable to Common Stockholders
 
 
 
Basic
$
0.45

 
$
0.38

Diluted
$
0.43

 
$
0.38