Three Months Ended June 30,

Six Months Ended June 30,

2021

2020

2021

2020

Numerator

Net income (loss)

$

785

$

(14,028

)

$

19,756

$

(31,213

)

Preferred stock dividends

(138

)

(138

)

(276

)

(276

)

Net income (loss) applicable to common shares

$

647

$

(14,166

)

$

19,480

$

(31,489

)

Denominator

Basic weighted average common shares

535,531

525,243

534,819

524,218

Dilutive restricted stock units, warrants and deferred shares

6,731

—

6,649

—

Diluted weighted average common shares

542,262

525,243

541,468

524,218

Basic income (loss) per common share (in cents)

0.1

(2.7

)

3.6

(6.0

)

Diluted income (loss) per common share (in cents)

0.1

(2.7

)

3.6

(6.0

)