Earnings/(Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

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


	Three Months Ended September 30,				Nine Months Ended September 30,

	2022		2021		2022		2021
	(in thousands, except share and per share)
Basic earnings/(loss) per share:
Numerator
Net income/(loss)	$	110,381	$	107,337	$	(242,334)	$	284,851
Preferred stock dividends	(10,425)		(7,331)		(31,275)		(19,010)
Net income/(loss) attributable to common stockholders	$	99,956	$	100,006	$	(273,609)	$	265,841
Denominator
Weighted-average shares outstanding	110,892,097		114,122,512		111,874,002		114,071,951
Basic earnings/(loss) per share	$	0.90	$	0.88	$	(2.45)	$	2.33
Diluted earnings/(loss) per share:
Numerator
Net income/(loss)	$	110,381	$	107,337	$	(242,334)	$	284,851
Preferred stock dividends	(10,425)		(7,331)		(31,275)		(19,010)
Net income/(loss) attributable to common stockholders	$	99,956	$	100,006	$	(273,609)	$	265,841
Denominator
Number of shares used in basic computation	110,892,097		114,122,512		111,874,002		114,071,951
Weighted-average effect of dilutive securities	198,036		259,109		—		343,218
Number of shares used in per share computation	111,090,133		114,381,621		111,874,002		114,415,169
Diluted earnings/(loss) per share	$	0.90	$	0.87	$	(2.45)	$	2.32