NET INCOME (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Sep. 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						Nine Months Ended
	September 30						September 30
	2020			2019			2020			2019
Basic net income (loss) per common share
Numerator for basic net income (loss) per common share:
Net income (loss)	$	29,082		$	3,196		$	(152,867	)	$	(68,010	)
Preferred stock dividends		(4,842	)		(4,842	)		(14,526	)		(14,526	)
Earnings participation of unvested equity awards		(37	)		(25	)		(101	)		(69	)
	$	24,203		$	(1,671	)	$	(167,494	)	$	(82,605	)
Denominator for basic net income (loss) per common share:
Average number of shares of common stock outstanding		96,452			91,560			96,162			87,578
Average unvested stock awards outstanding		(754	)		(615	)		(744	)		(632	)
		95,698			90,945			95,418			86,946
	$	0.25		$	(0.02	)	$	(1.76	)	$	(0.95	)
Diluted net income (loss) per common share
Numerator for diluted net income (loss) per common share	$	24,203		$	(1,671	)	$	(167,494	)	$	(82,605	)
Denominator for diluted net income (loss) per    common share:
Denominator for basic net income (loss) per    common share		95,698			90,945			95,418			86,946
Net effect of dilutive equity awards		326			–			–			–
		96,024			90,945			95,418			86,946
	$	0.25		$	(0.02	)	$	(1.76	)	$	(0.95	)