NET INCOME (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2021

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						Six Months Ended
	June 30						June 30
	2021			2020			2021			2020
Basic net income (loss) per common share
Numerator for basic net income (loss) per common share:
Net income (loss)	$	15,529		$	22,704		$	34,471		$	(181,949	)
Preferred stock dividends		(4,842	)		(4,842	)		(9,684	)		(9,684	)
Earnings participation of unvested equity awards		(24	)		(40	)		(60	)		(64	)
	$	10,663		$	17,822		$	24,727		$	(191,697	)
Denominator for basic net income (loss) per common    share:
Average number of shares of common stock    outstanding		96,848			96,395			96,821			96,015
Average unvested stock awards outstanding		(853	)		(740	)		(876	)		(739	)
		95,995			95,655			95,945			95,276
	$	0.11		$	0.19		$	0.26		$	(2.01	)
Diluted net income (loss) per common share
Numerator for diluted net income (loss) per common share	$	10,663		$	17,822		$	24,727		$	(191,697	)
Denominator for diluted net income (loss) per common    share:
Denominator for basic net income (loss) per common    share		95,995			95,655			95,945			95,276
Net effect of dilutive equity awards		459			232			397			–
		96,454			95,887			96,342			95,276
	$	0.11		$	0.19		$	0.26		$	(2.01	)