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NET INCOME/ (LOSS) PER COMMON SHARE
 6 Months Ended
Jun. 30, 2020
Net Inocme Per Common Share [Abstract]  
Net Income Per Common Share

Note 12 – Net Income/ (LOSS) per Common Share

The calculation of net income/ (loss) per common share for the periods indicated is presented in the following table:

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

(Dollars and amounts in thousands, except per share data)

 

2020

 

2019

 

2020

 

2019

Net income/ (loss)

 

$

(14,338)

 

$

28,276

 

$

(4,351)

 

$

58,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average EPS shares

 

 

46,988

 

 

35,862

 

 

40,827

 

 

35,816

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income/ (loss) per share

 

$

(0.31)

 

$

0.79

 

$

(0.11)

 

$

1.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average EPS shares

 

 

46,988

 

 

35,862

 

 

40,827

 

 

35,816

Dilutive common stock equivalents

 

 

-

 

 

28

 

 

-

 

 

50

 

Dilutive EPS shares

 

 

46,988

 

 

35,890

 

 

40,827

 

 

35,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income/ (loss) per share

 

$

(0.31)

 

$

0.79

 

$

(0.11)

 

$

1.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive shares

 

 

56

 

 

10

 

 

16

 

 

11

The calculation of diluted net income per share for the three and six months ended June 30, 2020, excludes 138,549 and 161,483, respectively, of potentially incremental common shares that are antidilutive due to the net loss for those periods.