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Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2022

Subsequent Events [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

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- References

No definition available.

+ Details

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