Basic and diluted EPS per common share:

Numerator for basic and diluted EPS per share of common stock:

Net income (loss) - Basic and diluted

$

32,117

$

(66,353

)

$

17,320

$

(80,132

)

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

78,083

52,332

78,083

52,332

Unvested dividend eligible share based compensation outstanding at the balance sheet date

227

-

227

-

Effect of weighting

(17,609

)

(10,228

)

(5,933

)

(4,559

)

Weighted average shares-basic and diluted

60,701

42,104

72,377

47,773

Net income (loss) per common share:

Basic and diluted

$

0.53

$

(1.58

)

$

0.24

$

(1.68

)

Anti-dilutive incentive shares not included in calculation

-

184

-

184