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EPS Calculation (Tables) | 12 Months Ended
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Dec. 31, 2020
Earnings Per Share [Abstract] |
Schedule of reconciliation of the earnings and shares used in calculating basic and diluted EPS | The following table presents a reconciliation of the (loss)/earnings and shares used in calculating basic and diluted (loss)/EPS for the years ended December 31, 2020, 2019 and 2018:
|  | For the Year Ended December 31,
(In Thousands, Except Per Share Amounts) |  | 2020 |  | 2019 |  | 2018
Basic (Loss)/Earnings per Share: |  |  |  |  |  |
Net (loss)/income to common stockholders |  | $ | (679,390) |  |  | $ | 378,117 |  |  | $ | 301,801 |
Dividends declared on preferred stock |  | (29,796) |  |  | (15,000) |  |  | (15,000) |
Dividends, dividend equivalents and undistributed earnings allocated to participating securities |  | (229) |  |  | (1,087) |  |  | (943) |
Net (loss)/income to common stockholders - basic |  | $ | (709,415) |  |  | $ | 362,030 |  |  | $ | 285,858 |
Basic weighted average common shares outstanding |  | 452,033 |  |  | 450,972 |  |  | 418,934 |
Basic (Loss)/Earnings per Share |  | $ | (1.57) |  |  | $ | 0.80 |  |  | $ | 0.68 |
Diluted (Loss)/Earnings per Share: |  |  |  |  |  |
Net (loss)/income to common stockholders - basic |  | $ | (709,415) |  |  | $ | 362,030 |  |  | $ | 285,858 |
Interest expense on Convertible Senior Notes |  | — |  |  | 8,965 |  |  | — |
Net (loss)/income to common stockholders - diluted |  | $ | (709,415) |  |  | $ | 370,995 |  |  | $ | 285,858 |
Basic weighted average common shares outstanding |  | 452,033 |  |  | 450,972 |  |  | 418,934 |
Effect of assumed conversion of Convertible Senior Notes to common shares |  | — |  |  | 16,797 |  |  | — |
Diluted weighted average common shares outstanding (1) |  | 452,033 |  |  | 467,769 |  |  | 418,934 |
Diluted (Loss)/Earnings per Share |  | $ | (1.57) |  |  | $ | 0.79 |  |  | $ | 0.68 |
(1) At December 31, 2020, the Company had approximately 2.3 million equity instruments outstanding that were not included in the calculation of diluted EPS for the year ended December 31, 2020, as their inclusion would have been anti-dilutive. These equity instruments reflect RSUs (based on current estimate of expected share settlement amount) with a weighted average grant date fair value of $6.56 and may have a dilutive impact on future EPS.

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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=6371337&loc=d3e3550-109257 + Details
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