Quarter ended September 30,

Nine months ended September 30,

2024

2023

2024

2023

(in thousands except per share amounts)

Net income

$

41,407

$

61,422

$

114,449

$

146,743

Dividends on preferred shares

(10,455

)

(10,455

)

(31,364

)

(31,364

)

Effect of participating securities—share-based compensation
   awards

(106

)

(147

)

(323

)

(332

)

Net income attributable to common shareholders

30,846

50,820

82,762

115,047

Interest on Exchangeable Notes, net of income taxes

—

6,359

—

18,773

Loss attributable to participating securities

—

(4

)

—

(35

)

Diluted net income attributable to common shareholders

$

30,846

$

57,175

$

82,762

$

133,785

Weighted average basic shares outstanding

86,861

86,760

86,800

87,613

Dilutive securities:

Shares issuable pursuant to exchange of the Exchangeable Notes

—

24,328

—

24,328

Diluted weighted average shares outstanding

86,861

111,088

86,800

111,941

Basic earnings per share

$

0.36

$

0.59

$

0.95

$

1.31

Diluted earnings per share

$

0.36

$

0.51

$

0.95

$

1.20