Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 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					Six Months Ended
	June 30,					June 30,
(in thousands, except per share data)	2020			2019		2020			2019
Numerator:
Net income (loss) to common shareholders	$	(117,072	)	$	88,277	$	(228,105	)	$	167,441
Net dividends or income allocated to participating securities - basic and diluted		422			1,502		849			2,839
Net income (loss) allocated to common shareholders - basic and diluted	$	(117,494	)	$	86,775	$	(228,954	)	$	164,602
Denominator:
Weighted-average common shares - basic		86,301			85,728	$	86,744		$	85,708
Dilutive potential common shares		-			107		-			102
Weighted-average common shares - diluted		86,301			85,835	$	86,744		$	85,810
Earnings (loss) per common share:
Basic	$	(1.36	)	$	1.01	$	(2.64	)	$	1.92
Diluted	$	(1.36	)	$	1.01	$	(2.64	)	$	1.92