Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


	Years Ended December 31,
	2021	2020	2019
	(In thousands, except per share amounts)
Net Income (Loss)	$365,151	($2,533,621)	$67,928
Preferred stock dividends (1)	—	—	(3,997)
Loss on redemption of preferred stock	—	—	(8,304)
Income (Loss) Available to Common Stockholders	$365,151	($2,533,621)	$55,627

Basic weighted average common shares outstanding	48,612	39,718	23,313
Dilutive impact of restricted stock	296	—	27
Dilutive impact of warrants	1,403	—	—
Diluted weighted average common shares outstanding	50,311	39,718	23,340

Income (Loss) Available to Common Stockholders Per Common Share
Basic	$7.51	($63.79)	$2.39
Diluted	$7.26	($63.79)	$2.38

Restricted stock (2)	7	581	90
Warrants (2)	481	2,564	9

(1) The Company redeemed all outstanding shares of its 10% Series A Cumulative Preferred Stock (“Preferred Stock”) on July 18, 2019 and all dividends ceased to accrue upon redemption.

(2) Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.