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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

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):

						For the Years Ended December 31,
						2021						2020						2019
Basic Earnings (Loss) per Common Share
Net income (loss) attributable to Company						$	193,200					$	(288,510)					$	173,736
Less: Preferred Stock dividends						(42,859)						(41,186)						(28,901)
Less: Preferred Stock redemption charge						(6,165)						—						—
Net income (loss) attributable to Company’s common stockholders						$	144,176					$	(329,696)					$	144,835
Basic weighted average common shares outstanding						379,232						371,004						221,380
Basic Earnings (Loss) per Common Share						$	0.38					$	(0.89)					$	0.65
Diluted Earnings (Loss) per Common Share:
Net income (loss) attributable to Company						$	193,200					$	(288,510)					$	173,736
Less: Preferred Stock dividends						(42,859)						(41,186)						(28,901)
Less: Preferred Stock redemption charge						(6,165)						—						—
Add back: Interest expense on Convertible Notes for the period, net of tax						—						—						10,662
Net income (loss) attributable to Company’s common stockholders						$	144,176					$	(329,696)					$	155,497
Weighted average common shares outstanding						379,232						371,004						221,380
Net effect of assumed Convertible Notes conversion to common shares						—						—						19,695
Net effect of assumed PSUs vested						1,541						—						1,521
Net effect of assumed RSUs vested						195						—						—
Diluted weighted average common shares outstanding						380,968						371,004						242,596
Diluted Earnings (Loss) per Common Share						$	0.38					$	(0.89)					$	0.64

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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=124432515&loc=d3e3550-109257

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