Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.20.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Year Ended
December 31,
(in thousands, except share data) 2020 2019 2018
Numerator:
Net (loss) income $ (1,630,135) $ 323,962  (44,290)
Dividends on preferred stock
75,802  75,801  65,395 
Net (loss) income attributable to common stockholders - basic (1,705,937) 248,161  (109,685)
Interest expense attributable to convertible notes (1)
—  —  — 
Net (loss) income attributable to common stockholders - diluted $ (1,705,937) $ 248,161  (109,685)
Denominator:
Weighted average common shares outstanding 272,356,358  266,594,154  204,409,853 
Weighted average restricted stock shares 1,244,589  1,232,585  1,610,649 
Basic weighted average shares outstanding
273,600,947  267,826,739  206,020,502 
Effect of dilutive shares issued in an assumed conversion —  —  — 
Diluted weighted average shares outstanding 273,600,947  267,826,739  206,020,502 
(Loss) Earnings Per Share
Basic $ (6.24) $ 0.93  $ (0.53)
Diluted $ (6.24) $ 0.93  $ (0.53)
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(1)If applicable, includes a nondiscretionary adjustment for the assumed change in the management fee calculation.