| Earnings Per Share The following table presents the computation of basic and diluted earnings per share: | | | | | | | | | | | | Three months ended March 31, | (in thousands except share and per share data) | | 2020 | | 2019 | Numerator: | | | | | Net income/(loss) | | $ | (16,687 | ) | | $ | 82,839 |
| Preferred stock dividends | | 2,438 |
| | 2,438 |
| Net income/(loss) available to common stockholders | | $ | (19,125 | ) | | $ | 80,401 |
| Denominator: | | | | | Denominator for basic earnings per share—weighted average shares | | 50,373,580 |
| | 50,229,797 |
| Effect of employee stock-based awards(1) | | 101,222 |
| | 115,602 |
| Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions | | 50,474,802 |
| | 50,345,399 |
| Basic earnings/(loss) per common share | | $ | (0.38 | ) | | $ | 1.60 |
| Diluted earnings/(loss) per common share | | $ | (0.38 | ) | | $ | 1.60 |
|
(1) SARs and RSUs outstanding of 428,007 at March 31, 2020 and 411,065 at March 31, 2019 have not been included in diluted earnings/(loss) per share because to do so would have been antidilutive for the periods presented.
|