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Earnings Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table presents the computation of basic and diluted earnings per share:
 
Three months ended June 30,
 
Six months ended June 30,
(in thousands except share and per share data)
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income/(loss)
$
(34,316
)
 
$
77,812

 
$
(51,003
)
 
$
159,513

Preferred stock dividends
2,437

 
2,437

 
4,875

 
4,875

Net income/(loss) available to common stockholders
$
(36,753
)
 
$
75,375

 
$
(55,878
)
 
$
154,638

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share—weighted average shares
50,392,394

 
50,280,776

 
50,401,401

 
50,257,039

Effect of employee stock-based awards(1)
23,937

 
103,094

 
71,749

 
102,954

Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions
50,416,331

 
50,383,870

 
50,473,150

 
50,359,993

Basic earnings/(loss) per common share
$
(0.73
)
 
$
1.50

 
$
(1.11
)
 
$
3.07

Diluted earnings/(loss) per common share
$
(0.73
)
 
$
1.50

 
$
(1.11
)
 
$
3.07


(1)
SARs and RSUs outstanding of 510,095 at June 30, 2020 and 116,840 at June 30, 2019 have not been included in diluted earnings/(loss) per share because to do so would have been antidilutive for the periods presented.