Earnings Per Share and Equity (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Calculations of Net Income Per Common Share

Calculations of net income per share of common stock, for the three month periods ended March 31, 2020 and 2019, were as follows (in thousands, except per share data):

	Three Months Ended March 31,
	2020		2019
Net income (loss)	$	4,414	$	(3,084	)
Preferred stock dividends		165		—
Net income (loss) applicable to common stockholders		4,249		(3,084	)
Basic weighted average common shares outstanding		54,863		54,863
Add: Incremental shares for:
Dilutive effect of the 2015 Stock Option		559		—
Dilutive effect of the Series C Preferred		13,567		N/A
Diluted weighted average common shares outstanding		68,989		54,863
Net income (loss) per common share
Basic	$	0.08	$	(0.06	)
Diluted	$	0.06	$	(0.06	)