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.