Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Summary of Table Reconciling Basic and Diluted Net Income Per Share

The following table presents the calculation of basic and diluted net income (loss) per common share:

	Three Months Ended March 31,
(dollars and shares in thousands, except per share data)	2022		2021
Net income (loss)	$	(27,586)	$	86,818
Preferred dividends	(2,017)		—
Net income (loss) applicable to common shares	$	(29,603)	$	86,818
Weighted average common shares outstanding:
Weighted average common shares outstanding (basic)	227,002		164,997
Effect of dilutive securities:
Restricted stock	—		687
Stock appreciation rights	—		23
Weighted average diluted shares outstanding	227,002		165,707
Basic Net Income (Loss) Per Common Share	$	(0.13)	$	0.53
Diluted Net Income (Loss) Per Common Share	$	(0.13)	$	0.52