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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Dilutive Net Income Per Share

The following table presents the computation of basic and diluted (loss) earnings per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):

						For the Years Ended December 31,
						2020						2019						2018
Basic (Loss) Earnings per Common Share
Net (loss) income attributable to Company						$	(288,510)					$	173,736					$	102,886
Less: Preferred Stock dividends						(41,186)						(28,901)						(23,700)
Net (loss) income attributable to Company’s common stockholders						$	(329,696)					$	144,835					$	79,186
Basic weighted average common shares outstanding						371,004						221,380						127,243
Basic (Loss) Earnings per Common Share						$	(0.89)					$	0.65					$	0.62
Diluted (Loss) Earnings per Common Share:
Net (loss) income attributable to Company						$	(288,510)					$	173,736					$	102,886
Less: Preferred Stock dividends						(41,186)						(28,901)						(23,700)
Add back: Interest expense on Convertible Notes for the period, net of tax						—						10,662						10,475
Net (loss) income attributable to Company’s common stockholders						$	(329,696)					$	155,497					$	89,661
Weighted average common shares outstanding						371,004						221,380						127,243
Net effect of assumed Convertible Notes conversion to common shares						—						19,695						19,695
Net effect of assumed PSUs vested						—						1,521						512
Diluted weighted average common shares outstanding						371,004						242,596						147,450
Diluted (Loss) Earnings per Common Share						$	(0.89)					$	0.64					$	0.61

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- References

No definition available.

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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

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