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Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Numerator:        
Net income $ 399,189 $ 248,766 $ 1,380,532 $ 671,497
Amounts attributable to noncontrolling interests (6,736) (21,358) (70,597) (50,020)
Net income available to Arch 392,453 227,408 1,309,935 621,477
Preferred dividends (10,403) (10,402) (31,209) (31,242)
Loss on redemption of preferred shares 0 0 0 (2,710)
Net income available to Arch common shareholders $ 382,050 $ 217,006 $ 1,278,726 $ 587,525
Denominator:        
Weighted average common shares outstanding 402,564,121 402,939,092 401,419,153 400,649,105
Series D preferred shares [1] 0 0 0 4,427,123
Weighted average common shares outstanding — basic 402,564,121 402,939,092 401,419,153 405,076,228
Effect of dilutive common share equivalents:        
Nonvested restricted shares 1,895,972 1,619,286 1,637,015 1,568,044
Stock options [2] 8,720,108 7,162,836 7,751,234 7,348,920
Weighted average common shares and common share equivalents outstanding — diluted 413,180,201 411,721,214 410,807,402 413,993,192
Earnings per common share:        
Basic (per share) $ 0.95 $ 0.54 $ 3.19 $ 1.45
Diluted (per share) $ 0.92 $ 0.53 $ 3.11 $ 1.42
Stock options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities excluded from computation of earnings per common share (shares) 37,394 4,396,352 2,198,115 5,481,584
[1] Such shares are convertible non-voting common equivalent preferred shares issued in connection with the UGC acquisition.
[2]
Certain stock options were not included in the computation of diluted earnings per share where the exercise price of the stock options exceeded the average market price and would have been anti-dilutive or where, when applying the treasury stock method to in-the-money options, the sum of the proceeds, including unrecognized compensation, exceeded the average market price and would have been anti-dilutive. For the 2019 third quarter and 2018 third quarter, the number of stock options excluded were 37,394 and 4,396,352, respectively. For the nine months ended September 30, 2019 and 2018 period, the number of stock options excluded were 2,198,115 and 5,481,584, respectively.