Three Months Ended March 31,

2021

2020

Numerator

Net income (loss)

$

18,971

$

(17,185

)

Preferred stock dividends

(138

)

(138

)

Net income (loss) applicable to common shares

$

18,833

$

(17,323

)

Denominator

Basic weighted average common shares

534,101

523,215

Dilutive restricted stock units, warrants and deferred shares

6,426

—

Diluted weighted average common shares

540,527

523,215

Basic income (loss) per common share

$

0.04

$

(0.03

)

Diluted income (loss) per common share

$

0.03

$

(0.03

)