NET INCOME (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Components of Computation of Basic and Diluted Net Income per Common Share

Components of the computation of basic and diluted net income (loss) per common share were as follows for the indicated periods (dollars in thousands, except per share amounts):

	Quarter Ended							Six Months Ended
	June 30							June 30
	2020		2019					2020				2019
Basic net income (loss) per common share
Numerator for basic net income (loss) per common share:
Net income (loss)	$	22,704			$	(63,460	)		$	(181,949	)		$	(71,206	)
Preferred stock dividends		(4,842		)		(4,842	)			(9,684	)			(9,684	)
Earnings participation of unvested equity awards		(40		)		(25	)			(64	)			(44	)
	$	17,822			$	(68,327	)		$	(191,697	)		$	(80,934	)
Denominator for basic net income (loss) per common    share:
Average number of shares of common stock    outstanding		96,395				85,559				96,015				85,554
Average unvested stock awards outstanding		(740		)		(625	)			(739	)			(640	)
		95,655				84,934				95,276				84,914
	$	0.19			$	(0.80	)		$	(2.01	)		$	(0.95	)
Diluted net income (loss) per common share
Numerator for diluted net income (loss) per common share	$	17,822			$	(68,327	)		$	(191,697	)		$	(80,934	)
Denominator for diluted net income (loss) per common    share:
Denominator for basic net income (loss) per common    share		95,655				84,934				95,276				84,914
Net effect of dilutive equity awards		232				–				–				–
		95,887				84,934				95,276				84,914
	$	0.19			$	(0.80	)		$	(2.01	)		$	(0.95	)