Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Common Share (Tables)

v3.21.2
Equity and Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2021
Equity and Earnings Per Common Share  
Schedule of weighted average shares outstanding

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands)

    

2020

    

2021

    

2020

    

2021

Basic weighted average number of shares outstanding

476,578

477,442

478,831

477,196

Add: Dilutive effect of RSUs

254

1,093

1,113

Add: Dilutive effect of PSUs

200

232

Add: Dilutive effect of Series A Preferred Stock

1,862

960

960

Diluted weighted average number of shares outstanding

478,694

479,695

478,831

479,501

Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):

RSUs

2,995

235

2,168

283

Series A Preferred Shares

1,862

(1)

The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares—assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands, except per share amounts)

    

2020

    

2021

    

2020

    

2021

Net income (loss)

$

105,507

89,327

(198,985)

252,991

Less preferred stock dividends

(138)

(138)

(413)

(413)

Net income (loss) available to common shareholders

$

105,369

89,189

(199,398)

252,578

Net income (loss) per share–basic

$

0.22

0.19

(0.42)

0.53

Net income (loss) per share–diluted

$

0.22

0.19

(0.42)

0.53

Weighted average common shares outstanding–basic

476,578

477,442

478,831

477,196

Weighted average common shares outstanding–diluted

478,694

479,695

478,831

479,501