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Net Income (Loss) per Share (Tables) | 6 Months Ended
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Jun. 30, 2021
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, 2021 and 2020 ($ in thousands except per share data):
| For the three months ended June 30, |  | For the six months ended June 30, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Basic Earnings |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 67,691 |  |  | $ | 60,201 |  |  | $ | 126,026 |  |  | $ | (67,641) |  |  |
Less: Preferred dividends | (3,385) |  |  | (3,385) |  |  | (6,770) |  |  | (6,770) |  |  |
Net income (loss) available to common stockholders | $ | 64,306 |  |  | $ | 56,816 |  |  | $ | 119,256 |  |  | $ | (74,411) |  |  |
Less: Dividends on participating securities | (849) |  |  | (719) |  |  | (1,697) |  |  | (1,521) |  |  |
Basic Earnings | $ | 63,457 |  |  | $ | 56,097 |  |  | $ | 117,559 |  |  | $ | (75,932) |  |  |
Diluted Earnings |  |  |  |  |  |  |  |  |
Basic Earnings | $ | 63,457 |  |  | $ | 56,097 |  |  | $ | 117,559 |  |  | $ | (75,932) |  |  |
Add: Dividends on participating securities | 849 |  |  | 719 |  |  | 1,697 |  |  | — |  |  |
Add: Interest expense on Convertible Notes | 8,261 |  |  | 8,678 |  |  | 16,506 |  |  | — |  |  |
Diluted Earnings | $ | 72,567 |  |  | $ | 65,494 |  |  | $ | 135,762 |  |  | $ | (75,932) |  |  |
Number of Shares: |  |  |  |  |  |  |  |  |
Basic weighted-average shares of common stock outstanding | 139,884,060 |  |  | 151,523,513 |  |  | 139,845,178 |  |  | 152,735,852 |  |  |
Diluted weighted-average shares of common stock outstanding | 170,832,186 |  |  | 182,083,702 |  |  | 170,812,544 |  |  | 152,735,852 |  |  |
Earnings Per Share Attributable to Common Stockholders |  |  |  |  |  |  |  |  |
Basic | $ | 0.45 |  |  | $ | 0.37 |  |  | $ | 0.84 |  |  | $ | (0.50) |  |  |
Diluted | $ | 0.42 |  |  | $ | 0.36 |  |  | $ | 0.79 |  |  | $ | (0.50) |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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