EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

The following table presents a comparison of earnings (loss) per common share and earnings (loss) per diluted common share:

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Earnings (loss) per common share
Net income (loss)	$	(65,382)	$	38,401	$	(123,167)	$	324,227
Less: Preferred share dividends	7,563		10,656		22,688		31,969
Net income (loss) available (attributable) to common shareholders	(72,945)		27,745		(145,855)		292,258
Weighted average common shares outstanding	84,308		83,947		84,235		83,872
Earnings (loss) per common share	$	(0.87)	$	0.33	$	(1.73)	$	3.48
Earnings (loss) per diluted common share
Net income (loss) available (attributable) to common shareholders	$	(72,945)	$	27,745	$	(145,855)	$	292,258
Weighted average common shares outstanding	84,308		83,947		84,235		83,872
Share-based compensation plans(1)	—		635		—		548
Weighted average diluted common shares outstanding	84,308		84,582		84,235		84,420
Earnings (loss) per diluted common share	$	(0.87)	$	0.33	$	(1.73)	$	3.46
Weighted average anti-dilutive shares excluded from the dilutive computation	859		9		1,019		204

(1) Due to the net loss recognized for the three and nine months ended September 30, 2020, the share equivalents were anti-dilutive.