EARNINGS / (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2020

Earnings/(loss) per share have been computed based on the following (average diluted shares outstanding are calculated using the treasury stock method):


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share data)	2020		2019		2020		2019
Income/(loss) from continuing operations	$	23,043	$	20,659	$	(532,074)	$	68,885
(Loss)/income from discontinued operations	(1,818)		1,957		(15,952)		2,814
Net income/(loss)	$	21,225	$	22,616	$	(548,026)	$	71,699

Average number of common shares issued	51,903		51,903		51,903		49,068
Less: average number of treasury shares	1,560		1,089		1,674		855
Less: average number of unvested stock award shares	536		435		499		410
Plus: average participating preferred shares	522		1,043		526		1,043
Average number of basic shares outstanding	50,329		51,422		50,256		48,846
Plus: dilutive effect of unvested stock award shares	—		87		—		109
Plus: dilutive effect of stock options outstanding	—		36		—		32
Average number of diluted shares outstanding	50,329		51,545		50,256		48,987

Basic earnings/(loss) per common share:
Continuing operations	$	0.46	$	0.40	$	(10.58)	$	1.41
Discontinued operations	(0.04)		0.04		(0.32)		0.06
Total	$	0.42	$	0.44	$	(10.90)	$	1.47

Diluted earnings/(loss) per common share:
Continuing operations	$	0.46	$	0.40	$	(10.58)	$	1.40
Discontinued operations	(0.04)		0.04		(0.32)		0.06
Total	$	0.42	$	0.44	$	(10.90)	$	1.46