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Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) per Common 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 September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Basic Earnings (Loss) per Common Share:
Net income (loss) attributable to Company			$	42,849					$	(84,509)					$	(30,640)					$	(90,573)
Less: Preferred Stock dividends			(10,439)						(10,435)						(31,317)						(31,394)
Plus: Gain on repurchase of Preferred Stock			—						125						—						467
Net income (loss) attributable to Company's common stockholders			$	32,410					$	(94,819)					$	(61,957)					$	(121,500)
Basic weighted average common shares outstanding			90,582						90,984						90,895						91,163
Basic Earnings (Loss) per Common Share			$	0.36					$	(1.04)					$	(0.68)					$	(1.33)
Diluted Earnings (Loss) per Common Share:
Net income (loss) attributable to Company			$	42,849					$	(84,509)					$	(30,640)					$	(90,573)
Less: Preferred Stock dividends			(10,439)						(10,435)						(31,317)						(31,394)
Plus: Gain on repurchase of Preferred Stock			—						125						—						467
Net income (loss) attributable to Company's common stockholders			$	32,410					$	(94,819)					$	(61,957)					$	(121,500)
Weighted average common shares outstanding			90,582						90,984						90,895						91,163
Net effect of assumed RSUs and DSUs vested			4						—						—						—
Diluted weighted average common shares outstanding			90,586						90,984						90,895						91,163
Diluted Earnings (Loss) per Common Share			$	0.36					$	(1.04)					$	(0.68)					$	(1.33)

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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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