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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share
The computation of basic and diluted earnings (loss) per common share is presented below for the periods indicated (in thousands, except share and per share data):
 
Three Months Ended March 31,
c
2020

2019
Basic earnings per common share:
 

 
 
Numerator:
 

 
 
Net income (loss)
$
(30,951
)
 
$
65,972

Distributed and undistributed earnings allocated to participating securities
—

 
(2,697
)
Income (loss) allocated to common stockholders for basic earnings per common share
$
(30,951
)
 
$
63,275

Denominator:
 
 
 
Weighted average common shares outstanding
93,944,529

 
98,856,775

Less average unvested stock awards
(1,101,370
)
 
(1,171,921
)
Weighted average shares for basic earnings (loss) per common share
92,843,159

 
97,684,854

Basic earnings (loss) per common share
$
(0.33
)
 
$
0.65

Diluted earnings (loss) per common share:
 
 
 
Numerator:
 
 
 
Income (loss) allocated to common stockholders for basic earnings per common share
$
(30,951
)
 
$
63,275

Adjustment for earnings reallocated from participating securities
—

 
5

Income (loss) used in calculating diluted earnings per common share
$
(30,951
)
 
$
63,280

Denominator:
 
 
 
Weighted average shares for basic earnings (loss) per common share
92,843,159

 
97,684,854

Dilutive effect of stock options and certain shared-based awards
—

 
279,779

Weighted average shares for diluted earnings (loss) per common share
92,843,159

 
97,964,633

Diluted earnings (loss) per common share
$
(0.33
)
 
$
0.65