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(Loss) Earnings Per Common Share (Tables) | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Computation of Basic and Dilutive (Loss) Earnings 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,
|  | 2022 |  | 2021 |  | 2020
Basic (Loss) Earnings per Common Share |  |  |  |  |  |
Net (loss) income attributable to Company |  | $ | (298,605) |  |  | $ | 193,200 |  |  | $ | (288,510) |
Less: Preferred Stock dividends |  | (41,972) |  |  | (42,859) |  |  | (41,186) |
Less: Preferred Stock redemption charge |  | — |  |  | (6,165) |  |  | — |
Net (loss) income attributable to Company’s common stockholders |  | $ | (340,577) |  |  | $ | 144,176 |  |  | $ | (329,696) |
Basic weighted average common shares outstanding |  | 377,287 |  |  | 379,232 |  |  | 371,004 |
Basic (Loss) Earnings per Common Share |  | $ | (0.90) |  |  | $ | 0.38 |  |  | $ | (0.89) |
Diluted (Loss) Earnings per Common Share: |  |  |  |  |  |
Net (loss) income attributable to Company |  | $ | (298,605) |  |  | $ | 193,200 |  |  | $ | (288,510) |
Less: Preferred Stock dividends |  | (41,972) |  |  | (42,859) |  |  | (41,186) |
Less: Preferred Stock redemption charge |  | — |  |  | (6,165) |  |  | — |
Net (loss) income attributable to Company’s common stockholders |  | $ | (340,577) |  |  | $ | 144,176 |  |  | $ | (329,696) |
Weighted average common shares outstanding |  | 377,287 |  |  | 379,232 |  |  | 371,004 |
Net effect of assumed PSUs vested |  | — |  |  | 1,541 |  |  | — |
Net effect of assumed RSUs vested |  | — |  |  | 195 |  |  | — |
Diluted weighted average common shares outstanding |  | 377,287 |  |  | 380,968 |  |  | 371,004 |
Diluted (Loss) Earnings per Common Share |  | $ | (0.90) |  |  | $ | 0.38 |  |  | $ | (0.89) |
The following table presents the Company's pro forma (loss) earnings per common share on a post-reverse split basis for the years ended December 31, 2022, 2021 and 2020, respectively (amounts in thousands, except per share data):
|  | Pro Forma (Unaudited)
|  | For the Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Net (loss) income attributable to Company’s common stockholders |  | $ | (340,577) |  |  | $ | 144,176 |  |  | $ | (329,696) |
Basic (loss) earnings per common share |  | $ | (3.61) |  |  | $ | 1.52 |  |  | $ | (3.55) |
Diluted (loss) earnings per common share |  | $ | (3.61) |  |  | $ | 1.51 |  |  | $ | (3.55) |
Weighted average shares outstanding-basic |  | 94,322 |  |  | 94,808 |  |  | 92,751 |
Weighted average shares outstanding-diluted |  | 94,322 |  |  | 95,242 |  |  | 92,751 |

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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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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