Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Computation of Basic and Dilutive Earnings (Loss) 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,
	2023		2022
Basic Earnings (Loss) per Common Share:
Net income (loss) attributable to Company	$	20,863	$	(73,850)
Less: Preferred Stock dividends	(10,484)		(10,493)
Plus: Gain on repurchase of preferred stock	142		—
Net income (loss) attributable to Company's common stockholders	$	10,521	$	(84,343)
Basic weighted average common shares outstanding	91,314		95,199
Basic Earnings (Loss) per Common Share	$	0.12	$	(0.89)

Diluted Earnings (Loss) per Common Share:
Net income (loss) attributable to Company	$	20,863	$	(73,850)
Less: Preferred Stock dividends	(10,484)		(10,493)
Plus: Gain on repurchase of preferred stock	142		—
Net income (loss) attributable to Company's common stockholders	$	10,521	$	(84,343)
Weighted average common shares outstanding	91,314		95,199
Net effect of assumed PSUs vested	358		—
Net effect of assumed RSUs vested	—		—
Diluted weighted average common shares outstanding	91,672		95,199
Diluted Earnings (Loss) per Common Share	$	0.11	$	(0.89)