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