Earnings/(Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands, except share and per share)
Basic earnings/(loss) per share:
Numerator
Net income/(loss)	$	132,401	$	116,277	$	261,121	$	(352,716)
Preferred stock dividends	(10,425)		(10,425)		(20,850)		(20,850)
Net income/(loss) attributable to common stockholders	$	121,976	$	105,852	$	240,271	$	(373,566)
Denominator
Weighted-average shares outstanding	111,021,133		110,868,040		110,982,557		112,373,092
Basic earnings/(loss) per share	$	1.10	$	0.95	$	2.16	$	(3.32)
Diluted earnings/(loss) per share:
Numerator
Net income/(loss)	$	132,401	$	116,277	$	261,121	$	(352,716)
Preferred stock dividends	(10,425)		(10,425)		(20,850)		(20,850)
Net income/(loss) attributable to common stockholders	$	121,976	$	105,852	$	240,271	$	(373,566)
Denominator
Number of shares used in basic computation	111,021,133		110,868,040		110,982,557		112,373,092
Weighted-average effect of dilutive securities	217,871		175,796		324,492		—
Number of shares used in per share computation	111,239,004		111,043,836		111,307,049		112,373,092
Diluted earnings/(loss) per share	$	1.10	$	0.95	$	2.16	$	(3.32)