Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Company's unaudited earnings per share calculations

The following tables set forth the Corporations’s earnings per share calculations for the periods indicated:

	Three Months Ended
	June 30, 2020		March 31, 2020		June 30, 2019
	(Dollars in thousands, except per share data)
Basic
Net (loss) income	$	(99,091)	$	25,740	$	38,527
Less: Dividends and undistributed earnings allocated to participating securities	(222)		(232)		(444)
Net (loss) income allocated to common stockholders	$	(99,313)	$	25,508	$	38,083
Weighted average common shares outstanding	70,425,027		59,007,191		61,308,046
Basic (loss) earnings per common share	$	(1.41)	$	0.43	$	0.62
Diluted
Net (loss) income allocated to common stockholders	$	(99,313)	$	25,508	$	38,083
Weighted average common shares outstanding	70,425,027		59,007,191		61,308,046
Diluted effect of share-based compensation	—		182,526		353,727
Diluted effect of stock warrants	—		—		—
Weighted average diluted common shares	70,425,027		59,189,717		61,661,773
Diluted (loss) earnings per common share	$	(1.41)	$	0.43	$	0.62

	Six Months Ended
	June 30, 2020		June 30, 2019
	(Dollars in thousands, except per share data)
Basic
Net (loss) income	$	(73,351)	$	77,245
Less: Dividends and undistributed earnings allocated to participating securities	(356)		(791)
Net (loss) income allocated to common stockholders	$	(73,707)	$	76,454
Weighted average common shares outstanding	64,716,109		61,645,940
Basic (loss) earnings per common share	$	(1.14)	$	1.24
Diluted
Net (loss) income allocated to common stockholders	$	(73,707)	$	76,454
Weighted average common shares outstanding	64,716,109		61,645,940
Diluted effect of share-based compensation	—		334,193
Diluted effect of stock warrants	—		—
Weighted average diluted common shares	64,716,109		61,980,133
Diluted (loss) earnings per common share	$	(1.14)	$	1.23