Earnings per share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of calculations of basic and diluted earnings per share

The calculations of the basic and diluted EPS for the three and six months ended June 30, 2020 and 2019 are presented below (in thousands, except per share amounts):

	For the three months ended June 30,				For the six months ended June 30,
	2020		2019		2020		2019
Net income (loss)	$	27,115	$	2,954	$	13,049	$	(22,085	)
Less: Earnings allocated to unvested restricted stock awards	22		7		12		—
Earnings (loss) allocated to common shareholders	$	27,093	$	2,947	$	13,037	$	(22,085	)
Common stock:
Weighted average basic shares outstanding	65,093		64,142		64,948		64,073
Effect of dilutive securities	2,098		322		2,510		—
Weighted average diluted shares outstanding	67,191		64,464		67,458		64,073
Basic earnings (loss) per share:
Net income (loss)	$	0.42	$	0.05	$	0.20	$	(0.34	)
Diluted earnings (loss) per share:
Net income (loss)	$	0.40	$	0.05	$	0.19	$	(0.34	)