EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

BASIC AND DILUTED EARNINGS PER COMMON SHARE

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

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Earnings (loss) per common share
Net income (loss)	$	188,098	$	(9,384)	$	518,870	$	174,592
Less: Preferred share dividends	7,563		7,563		22,688		22,688
Net income (loss) available (attributable) to common shareholders	$	180,535	$	(16,947)	$	496,182	$	151,904
Weighted average common shares outstanding	85,223		84,660		85,099		84,930
Earnings (loss) per common share	$	2.12	$	(0.20)	$	5.83	$	1.79
Earnings (loss) per diluted common share
Net income (loss) available (attributable) to common shareholders	$	180,535	$	(16,947)	$	496,182	$	151,904
Weighted average common shares outstanding	85,223		84,660		85,099		84,930
Share-based compensation plans	885		—		828		744
Weighted average diluted common shares outstanding	86,108		84,660		85,927		85,674
Earnings (loss) per diluted common share	$	2.10	$	(0.20)	$	5.77	$	1.77
Weighted average anti-dilutive shares excluded from the dilutive computation	58		160		533		432

(1) Due to the net loss attributable to common shareholders recognized for the three months ended September 30, 2022, the share equivalents were anti-dilutive.