Components of Calculation of Earnings Per Share |
The components of the calculation of basic earnings per share and diluted earnings per share are as follows: | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | (Dollars in thousands) | | | 2020 | | | 2019 | | | 2020 | | | 2019 | Net income/(loss) | | $ | 13,981 | | $ | (11,095) | | $ | 111,358 | | $ | (16,721) | | | | | | | | | | | | | | Weighted average common shares outstanding: | | | | | | | | | | | | | Basic | | | 27,932,928 | | | 29,249,233 | | | 28,517,037 | | | 29,217,188 | Diluted | | | 28,026,005 | | | 29,249,233 | | | 28,665,961 | | | 29,217,188 |
Reconciliations of the numerator of the basic and diluted earnings per share computations are as follows: | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | (Dollars in thousands) | | | 2020 | | | 2019 | | | 2020 | | | 2019 | Net income/(loss) allocated to: | | | | | | | | | | | | | Common Stockholders | | $ | 13,955 | | $ | (11,095) | | $ | 111,176 | | $ | (16,721) | Participating securities | | | 26 | | | — | | | 182 | | | — | | | $ | 13,981 | | $ | (11,095) | | $ | 111,358 | | $ | (16,721) |
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