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Net Income per Share (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018 ($ in thousands except per share data): 
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Basic Earnings
 
 
 
 
 
 
 
Net Income
$
29,089

 
$
62,217

 
$
158,271

 
$
166,996

Less: Preferred dividends
(3,385
)
 
(6,836
)
 
(15,139
)
 
(20,505
)
Net income available to common stockholders
$
25,704

 
$
55,381

 
$
143,132

 
$
146,491

Less: Dividends on participating securities
(847
)
 
(733
)
 
(2,547
)
 
(2,215
)
Basic Earnings
$
24,857

 
$
54,648

 
$
140,585

 
$
144,276

 
 
 
 
 
 
 
 
Diluted Earnings
 
 
 
 
 
 
 
Net Income
$
29,089

 
$
62,217

 
$
158,271

 
$
166,996

Less: Preferred dividends
(3,385
)
 
(6,836
)
 
(15,139
)
 
(20,505
)
Net income available to common stockholders
$
25,704

 
$
55,381

 
$
143,132

 
$
146,491

Add: Interest expense on Notes
—

 
6,746

 
—

 
25,607

Diluted Earnings
$
25,704

 
$
62,127

 
$
143,132

 
$
172,098

 
 
 
 
 
 
 
 
Number of Shares:
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
153,531,678

 
129,188,343

 
144,638,237

 
120,876,240

Diluted weighted-average shares of common stock outstanding
153,531,678

 
153,918,435

 
144,638,237

 
150,424,889

 
 
 


 


 
 
Earnings Per Share Attributable to Common Stockholders
 
 
 
 
 
 
 
Basic
$
0.16

 
$
0.42

 
$
0.97

 
$
1.19

Diluted
$
0.16

 
$
0.40

 
$
0.97

 
$
1.14