EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 nine and three months ended September 30, 2021 and

2020.

(in thousands, except per share information)

Nine Months Ended September 30,

Three Months Ended September

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

$

(20,196)

$

(14,351)

$

26,038

$

28,076

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

153,318

69,296

153,318

69,296

Unvested dividend eligible share based compensation

outstanding at the balance sheet date

-

-

266

87

Effect of weighting 

(48,012)

(3,282)

(24,997)

(2,081)

Weighted average shares-basic and diluted

105,306

66,014

128,587

67,302

Net (loss) income per common share:

Basic and diluted

$

(0.19)

$

(0.22)

$

0.20

$

0.42

Anti-dilutive incentive shares not included in calculation.

266

87

-

-