XML 55 R38.htm IDEA: XBRL DOCUMENT v3.20.1
Net Income (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2020
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 (loss) per share of common stock for the three months ended March 31, 2020 and 2019 ($ in thousands except per share data): 
 
For the three months ended March 31,
 
2020
 
2019
Basic Earnings
 
 
 
Net income (loss)
$
(127,842
)
 
$
67,758

Less: Preferred dividends
(3,385
)
 
(6,835
)
Net income (loss) available to common stockholders
$
(131,227
)
 
$
60,923

Less: Dividends on participating securities
(802
)
 
(851
)
Basic Earnings
$
(132,029
)
 
$
60,072

 
 
 
 
Diluted Earnings
 
 
 
Basic Earnings
$
(132,029
)
 
$
60,072

Add: Dividends on participating securities

 
851

Add: Interest expense on Notes

 
9,262

Diluted Earnings
$
(132,029
)
 
$
70,185

 
 
 
 
Number of Shares:
 
 
 
Basic weighted-average shares of common stock outstanding
153,948,191

 
134,607,107

Diluted weighted-average shares of common stock outstanding
153,948,191

 
164,683,086

 
 
 


Earnings Per Share Attributable to Common Stockholders
 
 
 
Basic
$
(0.86
)
 
$
0.45

Diluted
$
(0.86
)
 
$
0.43