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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Dilutive Net Income Per Share
The following table presents the computation of basic and diluted earnings per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017 (1)
 
2018
 
2017 (1)
Basic Earnings per Common Share
 
 
 
 
 
 
 
 
Net income attributable to Company
 
$
33,973

 
$
27,845

 
$
93,285

 
$
61,364

Less: Preferred stock dividends
 
(5,925
)
 
(3,225
)
 
(17,775
)
 
(9,675
)
Net income attributable to Company's common stockholders
 
$
28,048

 
$
24,620

 
$
75,510

 
$
51,689

Basic weighted average common shares outstanding
 
132,413

 
111,886

 
119,955

 
111,824

Basic Earnings per Common Share
 
$
0.21

 
$
0.22

 
$
0.63

 
$
0.46

 
 
 
 
 
 
 
 
 
Diluted Earnings per Common Share:
 
 
 
 
 
 
 
 
Net income attributable to Company
 
$
33,973

 
$
27,845

 
$
93,285

 
$
61,364

Less: Preferred stock dividends
 
(5,925
)
 
(3,225
)
 
(17,775
)
 
(9,675
)
Add back: Interest expense on convertible notes for the period, net of tax
 
2,570

 
2,428

 
7,838

 
6,982

Net income attributable to Company's common stockholders
 
$
30,618

 
$
27,048

 
$
83,348

 
$
58,671

Weighted average common shares outstanding
 
132,413

 
111,886

 
119,955

 
111,824

Net effect of assumed PSUs vested
 
620

 
—

 
395

 
—

Net effect of assumed convertible notes conversion to common shares
 
19,694

 
19,694

 
19,694

 
18,107

Diluted weighted average common shares outstanding
 
152,727

 
131,580

 
140,044

 
129,931

Diluted Earnings per Common Share
 
$
0.20

 
$
0.21

 
$
0.60

 
$
0.45



(1) 
There were no dilutive PSU awards during the three and nine months ended September 30, 2017.