EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2022

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,	2022		2021		2020

Earnings (loss) per common share
Net income (loss)	$	223,083	$	618,609	$	(120,424)

Less: Preferred share dividends	30,250		30,250		30,250

Net income (loss) available (attributable) to common shareholders	$	192,833	$	588,359	$	(150,674)
Weighted average common shares outstanding	84,864		84,707		84,262
Earnings (loss) per common share	$	2.27	$	6.95	$	(1.79)

Earnings (loss) per diluted common share
Net income (loss) available (attributable) to common shareholders	$	192,833	$	588,359	$	(150,674)

Weighted average common shares outstanding	84,864		84,707		84,262

Share-based compensation plans(1)	805		584		—
Weighted average diluted common shares outstanding	85,669		85,291		84,262
Earnings (loss) per diluted common share	$	2.25	$	6.90	$	(1.79)

Weighted average anti-dilutive shares excluded from the dilutive computation	324		656		922

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