Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table presents the Company’s computation of basic and diluted earnings (loss) per common share for the years ended December 31, 2017, 2016, and 2015:

	Years Ended December 31,
(in thousands, except share and per share amounts)	2017			2016			2015
Net income (loss) available to common shareholders	$	441,580		$	495,401		$	(47,156	)
Less: Dividends paid on and earnings/(loss) allocated to participating securities		(3,554	)		(3,795	)		(3,357	)
Earnings/(loss) applicable to common stock	$	438,026		$	491,606		$	(50,513	)
Weighted average common shares outstanding		487,073,951			485,150,173			448,982,223
Basic earnings (loss) per common share	$	0.90		$	1.01		$	(0.11	)
Earnings (loss) applicable to common stock	$	438,026		$	491,606		$	(50,513	)
Weighted average common shares outstanding		487,073,951			485,150,173			448,982,223
Potential dilutive common shares		—			—			—
Total shares for diluted earnings (loss) per common share computation		487,073,951			485,150,173			448,982,223
Diluted earnings (loss) per common share and common share equivalents		$0.90			$1.01			$(0.11	)