(Loss) Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of reconciliation of basic and diluted (loss)/earnings per share

The following table sets forth the reconciliation of basic and diluted (loss)/earnings per share:

	Three Months Ended  March 31,
	2022		2021
	(in thousands, except share and per share)
Basic (loss)/earnings per share:
Numerator
Net (loss)/income	$	(468,993)	$	84,092
Preferred stock dividends	(10,425)		(3,844)
Net (loss)/income attributable to common stockholders	$	(479,418)	$	80,248
Denominator
Weighted-average common shares outstanding	113,894,867		113,958,403
Basic (loss)/earnings per share	$	(4.21)	$	0.70
Diluted (loss)/earnings per share:
Numerator
Net (loss)/income	$	(468,993)	$	84,092
Preferred stock dividends	(10,425)		(3,844)
Net (loss)/income attributable to common stockholders	$	(479,418)	$	80,248
Denominator
Number of shares used in basic computation	113,894,867		113,958,403
Weighted-average effect of dilutive securities	—		278,706
Number of shares used in per share computation	113,894,867		114,237,109
Diluted (loss)/earnings per share	$	(4.21)	$	0.70