Capital Stock (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Schedule of earnings per share

Earnings per share for the quarters and six months ended June 30, 2020 and 2019 respectively, are computed as follows:

	For the Quarters Ended
	June 30, 2020			June 30, 2019
	(dollars in thousands)
Numerator:
Net income (loss) available to common shareholders	$	(73,393	)	$	40,322
Effect of dilutive securities:	—			—
Dilutive net income (loss) available to common shareholders	$	(73,393	)	$	40,322
Denominator:
Weighted average basic shares	199,282,790			187,153,007
Effect of dilutive securities	—			1,118,476
Weighted average dilutive shares	199,282,790			188,271,483
Net income (loss) per average share attributable to common stockholders - Basic	$	(0.37	)	$	0.22
Net income (loss) per average share attributable to common stockholders - Diluted	$	(0.37	)	$	0.21

	For the Six Months Ended
	June 30, 2020			June 30, 2019
	(dollars in thousands)
Numerator:
Net income (loss) available to common shareholders	$	(462,585	)	$	141,078
Effect of dilutive securities:	—			—
Dilutive net income (loss) available to common shareholders	$	(462,585	)	$	141,078
Denominator:
Weighted average basic shares	193,150,696			187,132,842
Effect of dilutive securities	—			1,121,424
Weighted average dilutive shares	193,150,696			188,254,266
Net income (loss) per average share attributable to common stockholders - Basic	$	(2.39	)	$	0.75
Net income (loss) per average share attributable to common stockholders - Diluted	$	(2.39	)	$	0.75

For the quarter and six months ended June 30, 2020 potentially dilutive shares of 42.9 million and 22.5 million, respectively, were excluded from the computation of fully diluted EPS because their effect would have been anti-dilutive. Anti-dilutive shares for the quarter and six months ended June 30, 2020 comprised of restricted stock units and performance stock units, warrants and shares from the assumed conversion of convertible debt.