Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents a reconciliation of the loss and shares used in calculating basic and diluted loss per share for the three and six months ended June 30, 2020 and 2019:
Three Months Ended Six Months Ended
June 30, June 30,
(in thousands, except share data) 2020 2019 2020 2019
Numerator:
Net loss $ (173,564)   $ (90,557)   $ (2,043,220)   $ (116,492)  
Dividends on preferred stock 18,951    18,950    37,901    37,900   
Net loss attributable to common stockholders - basic
 (192,515)   (109,507)   (2,081,121)   (154,392)  
Interest expense attributable to convertible notes (1)
—    —    —    —   
Net loss attributable to common stockholders - diluted
 $ (192,515)   $ (109,507)   $ (2,081,121)   $ (154,392)  
Denominator:
Weighted average common shares outstanding 272,320,637    271,649,923    272,265,690    261,405,737   
Weighted average restricted stock shares 1,283,442    1,213,230    1,232,657    1,261,423   
Basic weighted average shares outstanding
 273,604,079    272,863,153    273,498,347    262,667,160   
Effect of dilutive shares issued in an assumed conversion
 —    —    —    —   
Diluted weighted average shares outstanding 273,604,079    272,863,153    273,498,347    262,667,160   
Loss Per Share
Basic
 $ (0.70)   $ (0.40)   $ (7.61)   $ (0.59)  
Diluted $ (0.70)   $ (0.40)   $ (7.61)   $ (0.59)  
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(1)If applicable, includes a nondiscretionary adjustment for the assumed change in the management fee calculation.