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Earnings per Common Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share
The following is a summary of the elements used in calculating basic and diluted earnings per common share:
For the Three Months Ended September 30,
 
2017
 
2016
Numerator:
 
 
 
 
Net (loss) income attributable to Maiden
 
$
(55,051
)
 
$
40,852

Dividends on preference shares – Series A, C and D
 
(8,545
)
 
(6,032
)
Dividends on convertible preference shares – Series B
 
—

 
(2,991
)
Amount allocated to participating common shareholders(1)
 
(6
)
 
(19
)
Numerator for basic EPS - net (loss) income allocated to Maiden common shareholders
 
(63,602
)
 
31,810

Potentially dilutive securities:
 
 
 
 
Dividends on convertible preference shares – Series B(2)
 
—

 
2,991

Numerator for diluted EPS - net (loss) income allocated to Maiden common shareholders after assumed conversion
 
$
(63,602
)
 
$
34,801

Denominator:
 
 
 
 
Weighted average number of common shares – basic
 
85,859,201

 
75,993,451

Potentially dilutive securities:
 
 
 
 
Share options and restricted share units
 
—

 
1,100,206

Convertible preference shares(2)
 
—

 
9,057,294

Adjusted weighted average number of common shares and assumed conversions – diluted
 
85,859,201

 
86,150,951

Basic (loss) earnings per share attributable to Maiden common shareholders:
 
$
(0.74
)
 
$
0.42

Diluted (loss) earnings per share attributable to Maiden common shareholders:
 
$
(0.74
)
 
$
0.40

 
 
 
 
 
For the Nine Months Ended September 30,
 
2017
 
2016
Numerator:
 
 
 
 
Net (loss) income attributable to Maiden
 
$
(44,854
)
 
$
117,678

Dividends on preference shares – Series A, C and D
 
(20,611
)
 
(18,752
)
Dividends on convertible preference shares – Series B
 
—

 
(8,971
)
Amount allocated to participating common shareholders(1)
 
(17
)
 
(55
)
Numerator for basic EPS - net (loss) income allocated to Maiden common shareholders
 
(65,482
)
 
89,900

Potentially dilutive securities:
 
 
 
 
Dividends on convertible preference shares – Series B(2)
 
—

 
8,971

Numerator for diluted EPS - net (loss) income allocated to Maiden common shareholders after assumed conversion
 
$
(65,482
)
 
$
98,871

Denominator:
 
 
 
 
Weighted average number of common shares – basic
 
86,256,481

 
74,625,839

Potentially dilutive securities:
 
 
 
 
Share options and restricted share units
 
—

 
1,085,740

Convertible preference shares(2)
 
—

 
10,306,440

Adjusted weighted average number of common shares and assumed conversions – diluted
 
86,256,481

 
86,018,019

Basic (loss) earnings per share attributable to Maiden common shareholders:
 
$
(0.76
)
 
$
1.20

Diluted (loss) earnings per share attributable to Maiden common shareholders:
 
$
(0.76
)
 
$
1.15

(1)
This represents earnings allocated to the holders of non-vested restricted shares issued to the Company's employees under the 2007 Share Incentive Plan.
(2)
Please refer to "Note 13. Shareholders' Equity" and "Note 14. Share Compensation and Pension Plans" of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016, for the terms and conditions of each of these anti-dilutive instruments.