Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation of Earnings (Loss) Per Common Share

A summary of the information used in the computation of earnings (loss) per common share follows.

	Three Months Ended
	March 31,
(in thousands, except per share data)	2020			2019
Numerator:
Net income (loss) to common shareholders	$	(111,033	)	$	79,164
Net dividends or income allocated to participating securities - basic and diluted		427			1,337
Net income (loss) allocated to common shareholders - basic and diluted	$	(111,460	)	$	77,827
Denominator:
Weighted-average common shares - basic		87,186			85,688
Dilutive potential common shares		—			112
Weighted-average common shares - diluted		87,186			85,800
Earnings (loss) per common share:
Basic	$	(1.28	)	$	0.91
Diluted	$	(1.28	)	$	0.91