Capital Stock (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Earnings Per Share

EPS for the quarters and nine months ended September 30, 2021 and 2020 respectively, are computed as follows:

	For the Quarters Ended
	September 30, 2021		September 30, 2020
	(dollars in thousands)
Numerator:
Net income (loss) available to common shareholders - Basic	$	313,030	$	348,891
Effect of dilutive securities:
Interest expense attributable to convertible notes	238		1,495
Net income (loss) available to common shareholders - Diluted	$	313,268	$	350,386
Denominator:
Weighted average basic shares	235,887,296		232,127,224
Effect of dilutive securities	4,475,306		33,219,135
Weighted average dilutive shares	240,362,602		265,346,359
Net income (loss) per average share attributable to common stockholders - Basic	$	1.33	$	1.50
Net income (loss) per average share attributable to common stockholders - Diluted	$	1.30	$	1.32

	For the Nine Months ended
	September 30, 2021		September 30, 2020
	(dollars in thousands)
Numerator:
Net income (loss) available to common shareholders - Basic	$	597,067	$	(113,694)
Effect of dilutive securities:
Interest expense attributable to convertible notes	2,274		—
Net income (loss) available to common shareholders - Diluted	$	599,341	$	(113,694)
Denominator:
Weighted average basic shares	232,717,010		206,237,705
Effect of dilutive securities	14,641,813		—
Weighted average dilutive shares	247,358,823		206,237,705
Net income (loss) per average share attributable to common stockholders - Basic	$	2.57	$	(0.55)
Net income (loss) per average share attributable to common stockholders - Diluted	$	2.42	$	(0.55)