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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
The following table presents a comparison of earnings (loss) per common share and earnings (loss) per diluted common share:
 
 
 
 
 
 
 
 
 
At and year ended December 31,
2018
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share
 
 
 
 
 
 
 
Net income (loss)
$
43,021

 
$
(368,969
)
 
$
513,368

 
 
Less: Preferred share dividends
42,625

 
46,810

 
46,597

 
 
Less: Loss on repurchase of preferred shares
—

 
—

 
1,309

 
 
Net income (loss) available (attributable) to common shareholders
$
396

 
$
(415,779
)
 
$
465,462

 
 
Weighted average common shares outstanding
83,501

 
84,108

 
90,772

 
 
Earnings (loss) per common share
$
—

 
$
(4.94
)
 
$
5.13

 
 
 
 
 
 
 
 
 
 
Earnings (loss) per diluted common share
 
 
 
 
 
 
 
Net income (loss) available (attributable) to common shareholders
$
396

 
$
(415,779
)
 
$
465,462

 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
83,501

 
84,108

 
90,772

 
 
Share-based compensation plans(1)
506

 
—

 
775

 
 
Weighted average diluted common shares outstanding(1)
84,007

 
84,108

 
91,547

 
 
Earnings (loss) per diluted common share
$
—

 
$
(4.94
)
 
$
5.08

 
 
 
 
 
 
 
 
 
 
Weighted average anti-dilutive shares excluded from the dilutive computation
245

 
702

 
170

 
 
 
 
 
 
 
 
 
(1)
Due to the net loss incurred in the year ended December 31, 2017, all the share equivalents were anti-dilutive.