Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Net income per share

The following table presents the computations of basic and diluted net earnings (loss) per share for the periods indicated:

	Three Months Ended
	March 31,
	2021		2020
	(Dollars in thousands, except per share data)
Basic Earnings (Loss) Per Share:
Net earnings (loss)	$	150,406	$	(1,433,111)
Less: Earnings allocated to unvested restricted stock(1)	(2,355)		(939)
Net earnings (loss) allocated to common shares	$	148,051	$	(1,434,050)
Weighted-average basic shares and unvested restricted
stock outstanding	118,852		118,775
Less: Weighted-average unvested restricted stock
outstanding	(2,003)		(1,495)
Weighted-average basic shares outstanding	116,849		117,280
Basic earnings (loss) per share	$	1.27	$	(12.23)
Diluted Earnings (Loss) Per Share:
Net earnings (loss) allocated to common shares	$	148,051	$	(1,434,050)
Weighted-average diluted shares outstanding	116,849		117,280
Diluted earnings (loss) per share	$	1.27	$	(12.23)

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(1)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.