Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2020 and 2019:

	Three Months Ended
	March 31,
	2020		2019
	(in thousands except per share amounts)
Basic EPS:
Net income	$	14,628	$	45,871
Less: Earnings allocated to participating securities:
Nonvested restricted shares	249		456
Earnings allocated to common shareholders	$	14,379	$	45,415
Weighted average common shares outstanding	71,206		72,521
Basic earnings per common share	$	0.20	$	0.63
Diluted EPS:
Earnings allocated to common shareholders	$	14,379	$	45,415
Weighted average common shares outstanding	71,206		72,521
Dilutive effect of equity awards	58		3
Weighted average diluted common shares outstanding	71,264		72,524
Diluted earnings per common share	$	0.20	$	0.63
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive	6		—