Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				For the nine months ended September 30,
	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to common shareholders	$	(138,446)	$	21,752	$	(243,288)	$	71,482
Less: dividends paid on unvested share-based compensation	(2)		(74)		(6)		(220)
Net income (loss) available to common shareholders	$	(138,448)	$	21,678	$	(243,294)	$	71,262
Denominator:
Weighted-average number of common shares — basic	130,645,990		130,484,956		130,588,765		130,467,193
Effect of dilutive share-based compensation	—		137,174		—		223,149
Weighted-average number of common shares — diluted	130,645,990		130,622,130		130,588,765		130,690,342
Net income (loss) per share available to common shareholders — basic	$	(1.06)	$	0.17	$	(1.86)	$	0.55
Net income (loss) per share available to common shareholders — diluted	$	(1.06)	$	0.17	$	(1.86)	$	0.55