Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic

The following tables set forth the computation of basic and diluted earnings per share using the two-class method (in thousands, except share and per share amounts):

Basic earnings (loss) per share:	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Net income (loss)	$	(6,654)	$	41,254	$	24,437	$	132,623
Allocation of net income (loss) to common stockholders:
Common stock	$	(6,654)	$	41,055	$	24,331	$	131,988
Unvested participating shares	—		199		106		635
	$	(6,654)	$	41,254	$	24,437	$	132,623
Weighted average common shares outstanding:
Common stock	60,196,795		57,935,118		59,253,044		57,820,596
Unvested participating shares	249,567		280,711		258,265		277,750
Earnings (loss) per common share:
Common stock	$	(0.11)	$	0.71	$	0.41	$	2.28

Schedule of Earnings (Loss) Per Share, Diluted

Diluted earnings (loss) per share:	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Earnings (loss) allocated to common stock	$	(6,654)	$	41,055	$	24,331	$	131,988
Earnings allocated to unvested participating shares	—		199		106		635
Adjusted earnings allocated to unvested participating shares	—		(195)		(105)		(622)
Earnings (loss) allocated to common stock	$	(6,654)	$	41,059	$	24,332	$	132,001
Weighted average common shares outstanding:
Common stock	60,196,795		57,935,118		59,253,044		57,820,596
Effect of dilutive securities	—		1,197,571		748,686		1,121,016
	60,196,795		59,132,689		60,001,730		58,941,612
Earnings (loss) per common share:
Common stock	$	(0.11)	$	0.69	$	0.41	$	2.24