NET INCOME (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2021

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
	March 31
	2021			2020
Basic net income (loss) per common share
Numerator for basic net income (loss) per common share:
Net income (loss)	$	18,942		$	(204,653	)
Preferred stock dividends		(4,842	)		(4,842	)
Earnings participation of unvested equity awards		(36	)		(32	)
	$	14,064		$	(209,527	)
Denominator for basic net income (loss) per common share:
Average number of shares of common stock outstanding		96,793			95,636
Average unvested stock awards outstanding		(899	)		(739	)
		95,894			94,897
	$	0.15		$	(2.21	)
Diluted net income (loss) per common share
Numerator for diluted net income (loss) per common share	$	14,064		$	(209,527	)
Denominator for diluted net income (loss) per common share:
Denominator for basic net income (loss) per common share		95,894			94,897
Net effect of dilutive equity awards		336			–
		96,230			94,897
	$	0.15		$	(2.21	)