EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

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 six and three months ended June 30, 2021 and 2020.

(in thousands, except per share information)

Six Months Ended June 30,

Three Months Ended June 30,

2021

2020

2021

2020

Basic and diluted EPS per common share:

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

Net (loss) income - Basic and diluted

$

(46,234)

$

(42,427)

$

(16,865)

$

48,772

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

117,500

66,221

117,500

66,221

Unvested dividend eligible share based compensation

outstanding at the balance sheet date

-

-

-

80

Effect of weighting 

(25,044)

(812)

(18,011)

9

Weighted average shares-basic and diluted

92,456

65,409

99,489

66,310

Net (loss) income per common share:

Basic

$

(0.50)

$

(0.65)

$

(0.17)

$

0.74

Diluted

$

(0.50)

$

(0.65)

$

(0.17)

$

0.73

Anti-dilutive incentive shares not included in calculation.

251

80

251

-