XML 56 R43.htm IDEA: XBRL DOCUMENT

Net Income (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2020

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 years ended December 31, 2020, 2019, and 2018 ($ in thousands except per share data):


	For the year ended December 31,
		2020		2019		2018
Basic Earnings
Net income		$	18,377	$	230,174	$	219,986
Less: Preferred dividends		(13,540)		(18,525)		(27,340)


Net income available to common stockholders	$	4,837	$	211,649	$	192,646
Less: Dividends on participating securities	(3,431)		(3,867)		(3,405)
Basic Earnings	$	1,406	$	207,782	$	189,241

Diluted Earnings
Net income available to common stockholders	$	4,837	$	211,649	$	192,646
Less: Dividends on participating securities	(3,431)		—		—
Add: Interest expense on Notes	—		35,173		34,779
Diluted Earnings	$	1,406	$	246,822	$	227,425

Number of Shares:
Basic weighted-average shares of common stock outstanding	148,004,385		146,881,231		124,147,073
Diluted weighted-average shares of common stock outstanding	148,004,385		175,794,896		153,821,515

Earnings Per Share Attributable to Common Stockholders
Basic	$	0.01	$	1.41	$	1.52
Diluted	$	0.01	$	1.40	$	1.48