XML 33 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings per Common Share
 9 Months Ended
Sep. 30, 2018
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,
 
2018
 
2017
Numerator:
 
 
 
 
Net loss from continuing operations
 
$
(229,132
)
 
$
(45,146
)
Add: net (income) loss from continuing operations attributable to noncontrolling interests
 
(62
)
 
3

Net loss attributable to Maiden from continuing operations
 
(229,194
)
 
(45,143
)
Loss from discontinued operations, net of income tax expense
 
(71,100
)
 
(9,908
)
Net loss attributable to Maiden
 
(300,294
)
 
(55,051
)
Dividends on preference shares – Series A, C and D
 
(8,545
)
 
(8,545
)
Amount allocated to participating common shareholders(1)
 
(8
)
 
(6
)
Net loss allocated to Maiden common shareholders
 
$
(308,847
)

$
(63,602
)
Denominator:
 
 
 
 
Weighted average number of common shares – basic and diluted
 
83,089,172

 
85,859,201

Basic and diluted loss from continuing operations per share attributable to Maiden common shareholders
 
$
(2.86
)
 
$
(0.62
)
Basic and diluted loss from discontinued operations per share attributable to Maiden common shareholders
 
(0.86
)
 
(0.12
)
Basic and diluted loss per share attributable to Maiden common shareholders:
 
$
(3.72
)
 
$
(0.74
)
For the Nine Months Ended September 30,
 
2018
 
2017
Numerator:
 
 
 
 
Net loss from continuing operations
 
$
(230,873
)
 
$
(27,828
)
Add: net (income) loss from continuing operations attributable to noncontrolling interests
 
(180
)
 
34

Net loss attributable to Maiden from continuing operations
 
(231,053
)
 
(27,794
)
Loss from discontinued operations, net of income tax expense
 
(44,336
)
 
(17,060
)
Net loss attributable to Maiden
 
(275,389
)
 
(44,854
)
Dividends on preference shares – Series A, C and D
 
(25,636
)
 
(20,611
)
Amount allocated to participating common shareholders(1)
 
(17
)
 
(17
)
Net loss allocated to Maiden common shareholders
 
$
(301,042
)

$
(65,482
)
Denominator:
 
 
 
 
Weighted average number of common shares – basic and diluted
 
83,085,441

 
86,256,481

Basic and diluted loss from continuing operations per share attributable to Maiden common shareholders
 
$
(3.09
)
 
$
(0.56
)
Basic and diluted loss from discontinued operations per share attributable to Maiden common shareholders
 
(0.53
)
 
(0.20
)
Basic and diluted loss per share attributable to Maiden common shareholders:
 
$
(3.62
)
 
$
(0.76
)
(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.