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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Dilutive Net Income Per Share
The following table presents the computation of basic and diluted earnings per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Basic Earnings per Common Share
 
 
 
 
 
 
 
 
Net income attributable to Company
 
$
41,379

 
$
33,973

 
$
108,254

 
$
93,285

Less: Preferred stock dividends
 
(6,544
)
 
(5,925
)
 
(18,726
)
 
(17,775
)
Net income attributable to Company's common stockholders
 
$
34,835

 
$
28,048

 
$
89,528

 
$
75,510

Basic weighted average common shares outstanding
 
234,043

 
132,413

 
203,270

 
119,955

Basic Earnings per Common Share
 
$
0.15

 
$
0.21

 
$
0.44

 
$
0.63

 
 
 
 
 
 
 
 
 
Diluted Earnings per Common Share:
 
 
 
 
 
 
 
 
Net income attributable to Company
 
$
41,379

 
$
33,973

 
$
108,254

 
$
93,285

Less: Preferred stock dividends
 
(6,544
)
 
(5,925
)
 
(18,726
)
 
(17,775
)
Add back: Interest expense on convertible notes for the period, net of tax
 
2,674

 
2,570

 
7,981

 
7,838

Net income attributable to Company's common stockholders
 
$
37,509

 
$
30,618

 
$
97,509

 
$
83,348

Weighted average common shares outstanding
 
234,043

 
132,413

 
203,270

 
119,955

Net effect of assumed convertible notes conversion to common shares
 
19,694

 
19,694

 
19,694

 
19,694

Net effect of assumed PSUs vested
 
1,800

 
620

 
1,781

 
395

Diluted weighted average common shares outstanding
 
255,537

 
152,727

 
224,745

 
140,044

Diluted Earnings per Common Share
 
$
0.15

 
$
0.20

 
$
0.43

 
$
0.60