EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2022

EARNINGS PER COMMON SHARE

Reconciliation of Numerators and Denominators of Basic and Diluted EPS

The following is a reconciliation of the numerators and denominators of basic and diluted EPS for the periods presented:

	Three Months Ended
	March 31,
(In thousands except share and per share amounts)	2022		2021
Net income (loss) available to common stockholders	$	32,710	$	(22,855)
Less: Dividends paid and earnings allocated to participating securities		(374)		165
Income (loss) attributable to common stock	$	32,336	$	(22,690)
Weighted average common shares outstanding, including participating securities		39,680,652		34,543,114
Less: weighted average participating securities		(429,404)		(282,176)
Weighted average common shares outstanding		39,251,248		34,260,938
Basic EPS	$	0.82	$	(0.66)
Income (loss) attributable to common stock	$	32,336	$	(22,690)
Weighted average common shares outstanding		39,251,248		34,260,938
Weighted average common equivalent shares outstanding		—		1,067
Weighted average common and equivalent shares outstanding		39,251,248		34,262,005
Diluted EPS	$	0.82	$	(0.66)