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Net Income per Share (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018 ($ in thousands except per share data): 
 
For the three months ended June 30,
 
For the six months ended June 30,
 
2019
 
2018
 
2019
 
2018
Basic Earnings
 
 
 
 
 
 
 
Net Income
$
61,424

 
$
55,346

 
$
129,182

 
$
104,779

Less: Preferred dividends
(4,919
)
 
(6,834
)
 
(11,754
)
 
(13,669
)
Net income available to common stockholders
$
56,505

 
$
48,512

 
$
117,428

 
$
91,110

Less: Dividends on participating securities
(849
)
 
(738
)
 
(1,700
)
 
(1,489
)
Basic Earnings
$
55,656

 
$
47,774

 
$
115,728

 
$
89,621

 
 
 
 
 
 
 
 
Diluted Earnings
 
 
 
 
 
 
 
Net Income
$
61,424

 
$
55,346

 
$
129,182

 
$
104,779

Less: Preferred dividends
(4,919
)
 
(6,834
)
 
(11,754
)
 
(13,669
)
Net income available to common stockholders
$
56,505

 
$
48,512

 
$
117,428

 
$
91,110

Add: Interest expense on Notes
8,619

 
N/A

 
17,881

 
N/A

Diluted Earnings
$
65,124

 
$
48,512

 
$
135,309

 
$
91,110

 
 
 
 
 
 
 
 
Number of Shares:
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
145,567,963

 
123,019,993

 
140,117,813

 
116,651,305

Diluted weighted-average shares of common stock outstanding
174,101,234

 
124,629,317

 
169,418,177

 
118,281,153

 
 
 


 


 
 
Earnings Per Share Attributable to Common Stockholders
 
 
 
 
 
 
 
Basic
$
0.38

 
$
0.39

 
$
0.83

 
$
0.78

Diluted
$
0.37

 
$
0.39

 
$
0.80

 
$
0.78