Earnings/(Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
	2023		2022
	(in thousands, except share and per share)
Basic earnings/(loss) per share:
Numerator
Net income/(loss)	$	128,720	$	(468,993)
Preferred stock dividends	(10,425)		(10,425)
Net income/(loss) attributable to common stockholders	$	118,295	$	(479,418)
Denominator
Weighted-average shares outstanding	110,943,552		113,894,867
Basic earnings/(loss) per share	$	1.07	$	(4.21)
Diluted earnings/(loss) per share:
Numerator
Net income/(loss)	$	128,720	$	(468,993)
Preferred stock dividends	(10,425)		(10,425)
Net income/(loss) attributable to common stockholders	$	118,295	$	(479,418)
Denominator
Number of shares used in basic computation	110,943,552		113,894,867
Weighted-average effect of dilutive securities	256,444		—
Number of shares used in per share computation	111,199,996		113,894,867
Diluted earnings/(loss) per share	$	1.06	$	(4.21)