Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

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)	2021		2020
Numerator:
Net income (loss) to common shareholders	$	107,172	$	(111,033	)
Net dividends or income allocated to participating securities - basic and diluted		2,337		427
Net income (loss) allocated to common shareholders - basic and diluted	$	104,835	$	(111,460	)
Denominator:
Weighted-average common shares - basic		86,752		87,186
Dilutive potential common shares		53		—
Weighted-average common shares - diluted		86,805		87,186
Earnings (loss) per common share:
Basic	$	1.21	$	(1.28	)
Diluted	$	1.21	$	(1.28	)