Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Reconciliation of Numerators and Denominators of Basic Earnings (Loss) Per Share with Diluted Earnings Per Share

The following table reconciles the numerators and denominators of basic and diluted earnings (loss) per share calculations for the periods presented.

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except share and per share data)	2020			2019			2020			2019
Numerator for Earnings (Loss) per Share—Basic:
Net income (loss)		$	16,705		$	26,936		$	(3,136)		$	75,965
Less: Income allocated to participating shares		52			72			—			204
Net Income (Loss) Allocated to Shareholders		$	16,653		$	26,864		$	(3,136)		$	75,761
Numerator for Earnings (Loss) per Share—Diluted:
Net income (loss)		$	16,705		$	26,936		$	(3,136)		$	75,965
Net Income (Loss) Available to Shareholders		$	16,705		$	26,936		$	(3,136)		$	75,965
Denominators for Earnings (Loss) per Share:
Weighted Average Shares Outstanding—Basic		39,020,811			34,090,779			39,101,309			34,221,479
Add: Potentially dilutive shares		20,656			79,502			—			105,746
Denominator for Treasury Stock Method—Diluted		39,041,467			34,170,281			39,101,309			34,327,225
Weighted Average Shares Outstanding—Basic		39,020,811			34,090,779			39,101,309			34,221,479
Add: Average participating shares outstanding		—			186,491			—			186,253
Denominator for Two-Class Method—Diluted		39,020,811			34,277,270			39,101,309			34,407,732
Earnings (Loss) per share—basic		$	0.43		$	0.79		$	(0.08)		$	2.22
Earnings (Loss) per share—diluted		$	0.43		$	0.79		$	(0.08)		$	2.21
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		19,449			254			1,137			360