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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

2020

 

 

September 30,

2019

 

 

September 30,

2020

 

 

September 30,

2019

 

(Dollars in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

11,146

 

 

$

(6,631

)

 

$

(222,154

)

 

$

2,589

 

Less: Redeemable preferred stock dividends and accretion

 

 

(8,056

)

 

 

(7,587

)

 

 

(23,811

)

 

 

(23,275

)

Less: European non-controlling redeemable equity dividend

 

 

(106

)

 

 

(113

)

 

 

(152

)

 

 

(496

)

Basic numerator

 

$

2,984

 

 

$

(14,331

)

 

$

(246,117

)

 

$

(21,182

)

Basic earnings (loss) per share

 

$

0.12

 

 

$

(0.57

)

 

$

(9.66

)

 

$

(0.84

)

Weighted average shares outstanding – Basic

 

 

25,592

 

 

 

25,127

 

 

 

25,466

 

 

 

25,089

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

11,146

 

 

$

(6,631

)

 

$

(222,154

)

 

$

2,589

 

Less: Redeemable preferred stock dividends and accretion

 

 

(8,056

)

 

 

(7,587

)

 

 

(23,811

)

 

 

(23,275

)

Less: European non-controlling redeemable equity dividend

 

 

(106

)

 

 

(113

)

 

 

(152

)

 

 

(496

)

Diluted numerator

 

$

2,984

 

 

$

(14,331

)

 

$

(246,117

)

 

$

(21,182

)

Diluted earnings (loss) per share

 

$

0.12

 

 

$

(0.57

)

 

$

(9.66

)

 

$

(0.84

)

Weighted average shares outstanding – Basic

 

 

25,592

 

 

 

25,127

 

 

 

25,466

 

 

 

25,089

 

Dilutive effect of common share equivalents

 

 

118

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – Diluted

 

 

25,710

 

 

 

25,127

 

 

 

25,466

 

 

 

25,089