Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents a reconciliation of the loss and shares used in calculating basic and diluted loss per share for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except share data)	2020		2019		2020		2019
Numerator:
Net loss	$	(173,564)	$	(90,557)	$	(2,043,220)	$	(116,492)
Dividends on preferred stock	18,951		18,950		37,901		37,900
Net loss attributable to common stockholders - basic	(192,515)		(109,507)		(2,081,121)		(154,392)
Interest expense attributable to convertible notes (1)	—		—		—		—
Net loss attributable to common stockholders - diluted	$	(192,515)	$	(109,507)	$	(2,081,121)	$	(154,392)
Denominator:
Weighted average common shares outstanding	272,320,637		271,649,923		272,265,690		261,405,737
Weighted average restricted stock shares	1,283,442		1,213,230		1,232,657		1,261,423
Basic weighted average shares outstanding	273,604,079		272,863,153		273,498,347		262,667,160
Effect of dilutive shares issued in an assumed conversion	—		—		—		—
Diluted weighted average shares outstanding	273,604,079		272,863,153		273,498,347		262,667,160
Loss Per Share
Basic	$	(0.70)	$	(0.40)	$	(7.61)	$	(0.59)
Diluted	$	(0.70)	$	(0.40)	$	(7.61)	$	(0.59)

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(1)If applicable, includes a nondiscretionary adjustment for the assumed change in the management fee calculation.