Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following table presents a reconciliation of the (loss) earnings and shares used in calculating basic and diluted (loss) earnings per share for the three months ended March 31, 2019 and 2018:
 
Three Months Ended
 
March 31,
(in thousands, except share data)
2019
 
2018
Numerator:
 
 
 
Net (loss) income
$
(25,935
)
 
$
334,809

Dividends on preferred stock
18,950

 
13,747

Net (loss) income attributable to common stockholders - basic
(44,885
)
 
321,062

Interest expense attributable to convertible notes (1)

 
4,701

Net (loss) income attributable to common stockholders - diluted
$
(44,885
)
 
$
325,763

Denominator:
 
 
 
Weighted average common shares outstanding
251,047,727

 
173,552,675

Weighted average restricted stock shares
1,310,151

 
1,593,289

Basic weighted average shares outstanding
252,357,878

 
175,145,964

Effect of dilutive shares issued in an assumed conversion

 
17,672,567

Diluted weighted average shares outstanding
252,357,878

 
192,818,531

(Loss) Earnings Per Share
 
 
 
Basic
$
(0.18
)
 
$
1.83

Diluted
$
(0.18
)
 
$
1.69


___________________
(1)
Includes a nondiscretionary adjustment for the assumed change in the management fee calculation.