Note 10 - Earnings Per Share

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

10. Earnings Per Share

The following table presents the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share amounts): 

	Three Months Ended September 30,					Nine Months Ended September 30,
	2020			2019		2020		2019
Net (loss) income	$	(13,339	)	$	75,899	$	46,737	$	64,527
Less portion allocated to nonvested shares		—			1,345		549		1,272
Net (loss) income allocated to common shares	$	(13,339	)	$	74,554	$	46,188	$	63,255
Weighted average common shares outstanding		141,624			140,567		141,589		140,520
Basic and diluted (loss) earnings per common share	$	(0.09	)	$	0.53	$	0.33	$	0.45
Shares excluded due to being anti-dilutive (weighted-average)		1,677			—		—		—