Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Computation of Basic and Dilutive Net Income Per Share

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


	Three Months Ended March 31,
	2021		2020
Basic Earnings (Loss) per Common Share:
Net income (loss) attributable to Company	$	52,208	$	(588,383)
Less: Preferred Stock dividends (1)	(10,297)		(10,297)
Net income (loss) attributable to Company's common stockholders	$	41,911	$	(598,680)
Basic weighted average common shares outstanding	378,881		350,912
Basic Earnings (Loss) per Common Share	$	0.11	$	(1.71)

Diluted Earnings (Loss) per Common Share:
Net income (loss) attributable to Company	$	52,208	$	(588,383)
Less: Preferred Stock dividends (1)	(10,297)		(10,297)

Net income (loss) attributable to Company's common stockholders	$	41,911	$	(598,680)
Weighted average common shares outstanding	378,881		350,912

Net effect of assumed PSUs vested	1,859		—
Net effect of assumed RSUs vested	75		—
Diluted weighted average common shares outstanding	380,815		350,912
Diluted Earnings (Loss) per Common Share	$	0.11	$	(1.71)

(1)Includes accumulated dividends for the three months ended March 31, 2020.