For the three months ended June 30,

For the six months ended June 30,

2020

2019

2020

2019

Numerator:

Net income (loss) attributable to common shareholders

$

(138,652)

$

52,234

$

(104,842)

$

49,730

Less: dividends paid on unvested share-based compensation

(2)

(74)

(4)

(147)

Undistributed earnings attributable to share-based compensation

—

(3)

—

Net income (loss) available to common shareholders

$

(138,654)

$

52,157

$

(104,846)

$

49,583

Denominator:

Weighted-average number of common shares — basic

130,563,831

130,484,956

130,559,838

130,458,164

Effect of dilutive share-based compensation

—

110,898

—

204,243

Weighted-average number of common shares — diluted

130,563,831

130,595,854

130,559,838

130,662,407

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

$

(1.06)

$

0.40

$

(0.80)

$

0.38

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

$

(1.06)

$

0.40

$

(0.80)

$

0.38