NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

The calculation of net income 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)	2021		2020		2021		2020
Net income	$	57,263	$	(14,338)	$	132,727	$	(4,351)
Distributed and undistributed earnings allocated to         participating securities	(481)		(120)		(1,121)		(188)
Net income attributable to common shareholders	$	56,782	$	(14,458)	$	131,606	$	(4,539)
Total weighted average outstanding shares	47,689		47,389		47,610		41,170
Less: Weighted average participating securities	(401)		(401)		(406)		(343)
Basic weighted average common shares	47,288		46,988		47,204		40,827
Dilutive weighted average common stock equivalents	235		—		266		—
Diluted weighted average common shares	47,523		46,988		47,470		40,827
Basic net income per common share	$	1.20	$	(0.31)	$	2.79	$	(0.11)
Diluted net income per common share	$	1.19	$	(0.31)	$	2.77	$	(0.11)
Anti-dilutive shares	—		56		—		16