Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 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				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(Dollars in thousands, except per share data)
Basic Earnings (Loss) Per Share:
Net earnings (loss)	$	139,996	$	45,503	$	470,914	$	(1,354,404)
Less: Earnings allocated to unvested restricted stock(1)	(2,417)		(578)		(7,930)		(1,603)
Net earnings (loss) allocated to common shares	$	137,579	$	44,925	$	462,984	$	(1,356,007)
Weighted-average basic shares and unvested restricted
stock outstanding	119,569		118,438		119,272		118,469
Less: Weighted-average unvested restricted stock
outstanding	(2,340)		(1,684)		(2,235)		(1,596)
Weighted-average basic shares outstanding	117,229		116,754		117,037		116,873
Basic earnings (loss) per share	$	1.17	$	0.38	$	3.96	$	(11.60)
Diluted Earnings (Loss) Per Share:
Net earnings (loss) allocated to common shares	$	137,579	$	44,925	$	462,984	$	(1,356,007)
Weighted-average diluted shares outstanding	117,229		116,754		117,037		116,873
Diluted earnings (loss) per share	$	1.17	$	0.38	$	3.96	$	(11.60)

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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.