Capital Stock (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of earnings per share

Earnings per share for the quarters ended March 31, 2020 and 2019 respectively, are computed as follows:

	For the Quarters Ended
	March 31, 2020			March 31, 2019
	(dollars in thousands)
Numerator:
Net income available to common shareholders	$	(389,193	)	$	100,755
Effect of dilutive securities:	—			—
Dilutive net income available to common shareholders	$	(389,193	)	$	100,755
Denominator:
Weighted average basic shares	187,018,602			187,112,454
Effect of dilutive securities	—			1,087,257
Weighted average dilutive shares	187,018,602			188,199,711
Net income per average share attributable to common stockholders - Basic	$	(2.08	)	$	0.54
Net income per average share attributable to common stockholders - Diluted	$	(2.08	)	$	0.54

For the quarter ended March 31, 2020 potentially dilutive securities of 1.3 million were excluded from the computation of fully diluted EPS because their effect would have been anti-dilutive. Anti-dilutive securities for the quarter ended March 31, 2020 comprised of restricted stock units and performance stock units discussed in Note 12.