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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Common Share
The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):
 
 
For the three months ended March 31,
 
 
2020
 
2019
Numerator:
 
 
 
 
Net income (loss) attributable to common shareholders
 
$
33,810

 
$
(2,504
)
Less: dividends paid on unvested share-based compensation
 
(2
)
 
(73
)
Undistributed earnings attributable to share-based compensation
 
(48
)
 

Net income (loss) available to common shareholders
 
$
33,760

 
$
(2,577
)
Denominator:
 
 
 
 
Weighted-average number of common shares — basic
 
130,555,846

 
130,431,074

Effect of dilutive share-based compensation
 
123,062

 

Weighted-average number of common shares — diluted
 
130,678,908

 
130,431,074

 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
 
$
0.26

 
$
(0.02
)
Net income (loss) per share available to common shareholders — diluted
 
$
0.26

 
$
(0.02
)