Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2020 and 2019 (dollars in thousands, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Computation of Basic Earnings Per Share:
Net income	$	9,044	$	68,960	$	68,825	$	131,860
Non-forfeitable dividends on unvested restricted shares	(27)		(174)		(232)		(309)
Net income attributable to the Company’s common stockholders for basic earnings per share	$	9,017	$	68,786	$	68,593	$	131,551
Weighted average number shares outstanding – basic	296,546		298,140		297,194		298,372
Basic earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.03	$	0.23	$	0.23	$	0.44
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$	9,017	$	68,786	$	68,593	$	131,551
Weighted average shares outstanding – basic	296,546		298,140		297,194		298,372
Effect of dilutive securities:
Equity awards	227		753		291		523
Weighted average shares outstanding – diluted	296,773		298,893		297,485		298,895
Diluted earnings per share attributable to the Company’s common stockholders:
Net income per share	$	0.03	$	0.23	$	0.23	$	0.44