Earnings/(Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

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

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands, except share and per share)
Basic earnings/(loss) per share:
Numerator
Net income/(loss)	$	116,277	$	93,422	$	(352,716)	$	177,514
Preferred stock dividends	(10,425)		(7,835)		(20,850)		(11,679)
Net income/(loss) attributable to common stockholders	$	105,852	$	85,587	$	(373,566)	$	165,835
Denominator
Weighted-average shares outstanding	110,868,040		114,133,135		112,373,092		114,046,252
Basic earnings/(loss) per share	$	0.95	$	0.75	$	(3.32)	$	1.45
Diluted earnings/(loss) per share:
Numerator
Net income/(loss)	$	116,277	$	93,422	$	(352,716)	$	177,514
Preferred stock dividends	(10,425)		(7,835)		(20,850)		(11,679)
Net income/(loss) attributable to common stockholders	$	105,852	$	85,587	$	(373,566)	$	165,835
Denominator
Number of shares used in basic computation	110,868,040		114,133,135		112,373,092		114,046,252
Weighted-average effect of dilutive securities	175,796		244,830		—		327,324
Number of shares used in per share computation	111,043,836		114,377,965		112,373,092		114,373,576
Diluted earnings/(loss) per share	$	0.95	$	0.75	$	(3.32)	$	1.45