EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2018

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 17 – EARNINGS PER SHARE

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2018		2017		2018		2017
Numerator:
Net income (loss)	$	13,485	$	(4,107)	$	12,688	$	(11,852)
Less Series A preferred dividends		(1,239)		(1,693)		(2,478)		(1,694)
Less Series B preferred dividends		—		—		—		(806)
Allocation of earnings to nonvested participating restricted stock units		(222)		—		(182)		—
Numerator for basic and diluted EPS	$	12,024	$	(5,800)	$	10,028	$	(14,352)
Denominator:
Weighted-average shares outstanding		59,460		37,945		56,902		32,469
Weighted average nonvested  participating restricted stock units		1,099		-		1,034		-
Denominator for basic and diluted EPS – weighted-average shares		60,559		37,945		57,936		32,469
Basic and diluted EPS	$	0.20	$	(0.15)	$	0.17	$	(0.44)