XML 23 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Earnings Per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share 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)20212020
Numerator:
Net income/(loss)$71,938 $(16,687)
Preferred stock dividends3,779 2,438 
Net income/(loss) available to common stockholders$68,159 $(19,125)
Denominator:
Denominator for basic earnings per share—weighted average shares50,513,277 50,373,580 
Effect of employee stock-based awards(1)556,234 101,222 
Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions
51,069,511 50,474,802 
Basic earnings/(loss) per common share$1.35 $(0.38)
Diluted earnings/(loss) per common share$1.33 $(0.38)
(1)SARs and RSUs outstanding of 80,263 at March 31, 2021 and 428,007 at March 31, 2020 have not been included in diluted earnings/(loss) per share because to do so would have been antidilutive for the periods presented.