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NET INCOME (LOSS) PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Components of Computation of Basic and Diluted Net Income per Common Share Components of the computation of basic and diluted net income (loss) per common share were as follows for the indicated periods (dollars in thousands, except per share amounts):

 

 

 

Quarter Ended

 

 

 

March 31

 

 

 

2020

 

 

2019

 

Basic net income (loss) per common share

 

 

 

 

 

 

 

 

Numerator for basic net income (loss) per common share:

 

 

 

 

 

 

 

 

Net loss

 

$

(204,653

)

 

$

(7,746

)

Preferred stock dividends

 

 

(4,842

)

 

 

(4,842

)

Earnings participation of unvested equity awards

 

 

(32

)

 

 

(19

)

 

 

$

(209,527

)

 

$

(12,607

)

Denominator for basic net income (loss) per common share:

 

 

 

 

 

 

 

 

Average number of shares of common stock outstanding

 

 

95,636

 

 

 

85,549

 

Average unvested stock awards outstanding

 

 

(739

)

 

 

(655

)

 

 

 

94,897

 

 

 

84,894

 

 

 

$

(2.21

)

 

$

(0.15

)

Diluted net income (loss) per common share

 

 

 

 

 

 

 

 

Numerator for diluted net income (loss) per common share

 

$

(209,527

)

 

$

(12,607

)

 

 

 

 

 

 

 

 

 

Denominator for diluted net income (loss) per common share

 

 

94,897

 

 

 

84,894

 

 

 

$

(2.21

)

 

$

(0.15

)