EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of reconciling the numerator and denominator of EPS

The table below reconciles the numerator and denominator of EPS for the nine and three months ended September 30, 2020 and

2019.

(in thousands, except per share information)

Nine Months Ended September

30,

Three Months Ended September

30,

2020

2019

2020

2019

Basic and diluted EPS per common share:

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

Net (loss) income - Basic and diluted

$

(14,351)

$

5,653

$

28,076

$

(8,477)

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

69,296

63,058

69,296

63,058

Unvested dividend eligible share based compensation

outstanding at the balance sheet date

-

58

87

-

Effect of weighting 

(3,282)

(9,078)

(2,081)

(2,639)

Weighted average shares-basic and diluted

66,014

54,038

67,302

60,419

Net (loss) income per common share:

Basic and diluted

$

(0.22)

$

0.10

$

0.42

$

(0.14)

Anti-dilutive incentive shares not included in calculation.

87

-

-

58