Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

(share amounts in thousands)	For the Year Ended December 31,
	2017			2016			2015
Net income (loss)	$	120,424		$	(91,813	)	$	(240,139	)
Preferred stock dividends	(7,295		)	(7,295		)	(7,895		)
Income (loss) available to common stockholders	$	113,129		$	(99,108	)	$	(248,034	)
Weighted average shares outstanding	201,526			126,258			65,708
Dilutive impact of restricted stock	576			—			—
Weighted average shares outstanding for diluted income (loss) per share (a)	202,102			126,258			65,708
Basic income (loss) per share	$	0.56		$	(0.78	)	$	(3.77	)
Diluted income (loss) per share	$	0.56		$	(0.78	)	$	(3.77	)
Stock options (b)	—			15			15
Restricted stock (b)	16			—			126

(a) Because the Company reported a loss available to common stockholders for the years ended December 31, 2016, and 2015, no unvested stock awards were included in computing loss per share because the effect was anti-dilutive.

(b) Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.