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Earnings Per Share
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
(in thousands except share and per share data)
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income
$
57,116

 
$
88,082

 
$
6,113

 
$
247,595

Preferred stock dividends
2,438

 
2,438

 
7,313

 
7,313

Net income/(loss) available to common stockholders
$
54,678

 
$
85,644

 
$
(1,200
)
 
$
240,282

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share—weighted average shares
50,446,691

 
50,305,844

 
50,417,563

 
50,273,485

Effect of employee stock-based awards(1)
126,382

 
110,558

 
103,984

 
119,277

Denominator for dilutive earnings per share—adjusted weighted average shares and assumed conversions
50,573,073

 
50,416,402

 
50,521,547

 
50,392,762

Basic earnings/(loss) per common share
$
1.08

 
$
1.70

 
$
(0.02
)
 
$
4.78

Diluted earnings/(loss) per common share
$
1.08

 
$
1.70

 
$
(0.02
)
 
$
4.77


(1)
SARs and RSUs outstanding of 480,062 at September 30, 2020 and 107,615 at September 30, 2019 have not been included in diluted earnings/(loss) per share because to do so would have been antidilutive for the periods presented.