EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2021

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,	2021		2020		2019
Earnings (loss) per common share
Net income (loss)	$	618,609	$	(120,424)	$	323,473
Less: Preferred share dividends	30,250		30,250		41,112
Net income (loss) available (attributable) to common shareholders	$	588,359	$	(150,674)	$	282,361
Weighted average common shares outstanding	84,707		84,262		83,894
Earnings (loss) per common share	$	6.95	$	(1.79)	$	3.37
Earnings (loss) per diluted common share
Net income (loss) available (attributable) to common shareholders	$	588,359	$	(150,674)	$	282,361
Weighted average common shares outstanding	84,707		84,262		83,894
Share-based compensation plans(1)	584		—		579
Weighted average diluted common shares outstanding	85,291		84,262		84,473
Earnings (loss) per diluted common share	$	6.90	$	(1.79)	$	3.34
Weighted average anti-dilutive shares excluded from the dilutive computation	656		922		154

(1)    Due to the net loss recognized for the year ended December 31, 2020, the share equivalents were anti-dilutive.