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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Basic and diluted earnings per share
The following summarizes the calculation of basic earnings per share for the three months ended March 31, 2018 and 2017 (in thousands, except per share amounts):
 
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
Net loss
$
(33,035
)
 
$
(10,277
)
Less: cumulative preferred stock dividends
4,832

 
—

Net loss attributable to common shareholders
$
(37,867
)
 
$
(10,277
)
Weighted average common stock outstanding
78,198

 
65,692

Basic loss per share
$
(0.48
)
 
$
(0.16
)
The following summarizes the calculation of diluted earnings per share for the three months ended March 31, 2018 and 2017 (in thousands, except per share amounts):
 
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
Net loss
$
(33,035
)
 
$
(10,277
)
Less: cumulative preferred stock dividends
4,832

 
—

Net loss attributable to common shareholders
$
(37,867
)
 
$
(10,277
)
Weighted average common stock outstanding
78,198

 
65,692

Effect of dilutive securities
—

 
—

Diluted weighted average common stock outstanding
78,198

 
65,692

Diluted loss per share
$
(0.48
)
 
$
(0.16
)