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(Loss) Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

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,
						2023						2022						2021
Basic (Loss) Earnings per Common Share:
Net (loss) income attributable to Company						$	(48,665)					$	(298,605)					$	193,200
Less: Preferred Stock dividends						(41,837)						(41,972)						(42,859)
Plus: Gain on repurchase of Preferred Stock						467						—						—
Less: Preferred Stock redemption charge						—						—						(6,165)
Net (loss) income attributable to Company’s common stockholders						$	(90,035)					$	(340,577)					$	144,176
Basic weighted average common shares outstanding						91,042						94,322						94,808
Basic (Loss) Earnings per Common Share						$	(0.99)					$	(3.61)					$	1.52
Diluted (Loss) Earnings per Common Share:
Net (loss) income attributable to Company						$	(48,665)					$	(298,605)					$	193,200
Less: Preferred Stock dividends						(41,837)						(41,972)						(42,859)
Plus: Gain on repurchase of Preferred Stock						467						—						—
Less: Preferred Stock redemption charge						—						—						(6,165)
Net (loss) income attributable to Company’s common stockholders						$	(90,035)					$	(340,577)					$	144,176
Weighted average common shares outstanding						91,042						94,322						94,808
Net effect of assumed PSUs vested						—						—						385
Net effect of assumed RSUs vested						—						—						49
Diluted weighted average common shares outstanding						91,042						94,322						95,242
Diluted (Loss) Earnings per Common Share						$	(0.99)					$	(3.61)					$	1.51

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- References

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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