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Net Income (Loss) per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
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 and six months ended June 30, 2023 and 2022 ($ in thousands except per share data):
| Three months ended June 30, |  | Six months ended June 30, |
| 2023 |  | 2022 |  | 2023 |  | 2022 |
Basic Earnings |  |  |  |  |  |  |  |
Net income (loss) | $ | (83,400) |  |  | $ | 70,951 |  |  | $ | (34,484) |  |  | $ | 86,189 |  |
Less: Preferred dividends | (3,068) |  |  | (3,068) |  |  | (6,136) |  |  | (6,136) |  |
Net income (loss) available to common stockholders | $ | (86,468) |  |  | $ | 67,883 |  |  | $ | (40,620) |  |  | $ | 80,053 |  |
Less: Dividends on participating securities | (997) |  |  | (901) |  |  | (2,000) |  |  | (1,800) |  |
Basic Earnings | $ | (87,465) |  |  | $ | 66,982 |  |  | $ | (42,620) |  |  | $ | 78,253 |  |
Diluted Earnings |  |  |  |  |  |  |  |
Basic Earnings | $ | (87,465) |  |  | $ | 66,982 |  |  | $ | (42,620) |  |  | $ | 78,253 |  |
Add: Dividends on participating securities | — |  |  | 901 |  |  | — |  |  | — |  |
Add: Interest expense on Convertible Notes | — |  |  | 7,464 |  |  | — |  |  | 14,924 |  |
Diluted Earnings | $ | (87,465) |  |  | $ | 75,347 |  |  | $ | (42,620) |  |  | $ | 93,177 |  |
Number of Shares: |  |  |  |  |  |  |  |
Basic weighted-average shares of common stock outstanding | 141,341,238 |  |  | 140,590,843 |  |  | 141,207,597 |  |  | 140,472,771 |  |
Diluted weighted-average shares of common stock outstanding | 141,341,238 |  |  | 171,698,185 |  |  | 141,207,597 |  |  | 169,006,042 |  |
Earnings (Loss) Per Share Attributable to Common Stockholders |  |  |  |  |  |  |  |
Basic | $ | (0.62) |  |  | $ | 0.48 |  |  | $ | (0.30) |  |  | $ | 0.56 |  |
Diluted | $ | (0.62) |  |  | $ | 0.44 |  |  | $ | (0.30) |  |  | $ | 0.55 |  |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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