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Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Reconciliation of beginning and ending common stock outstanding
The following table provides a reconciliation of the beginning and ending shares of common stock outstanding for the three months ended March 31, 2020 and the year ended December 31, 2019:
 
MARCH 31, 2020

DECEMBER 31, 2019

Balance, beginning of period
134,706,154

125,279,455

Issuance of common stock
210,271

9,251,440

Nonvested share-based awards, net of withheld shares
15,781

175,259

Balance, end of period
134,932,206

134,706,154
Earnings (loss) per share The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2020 and 2019.
 
THREE MONTHS ENDED MARCH 31,
Dollars in thousands, except per share data
2020

2019

Weighted average common shares outstanding
 
 
Weighted average common shares outstanding
134,758,335

125,908,335

Non-vested shares
(1,722,090
)
(1,778,700
)
Weighted average common shares outstanding - basic
133,036,245

124,129,635

 
 
 
Weighted average common shares outstanding - basic
133,036,245

124,129,635

Dilutive effect of employee stock purchase plan
113,321

102,132

Weighted average common shares outstanding - diluted
133,149,566

124,231,767

 
 
 
Net Income
$
4,315

$
4,891

Dividends paid on nonvested share-based awards
(517
)
(536
)
Net income applicable to common stockholders
$
3,798

$
4,355

 
 
 
Basic earnings per common share - net income
$
0.03

$
0.04

Diluted earnings per common share - net income
$
0.03

$
0.04
Summary of the activity under the Incentive Plan
A summary of the activity under the Company's share-based incentive plans for the three months ended March 31, 2020 and 2019 is included in the table below.
 
THREE MONTHS ENDED MARCH 31,
 
2020

2019

Share-based awards, beginning of period
1,754,066

1,769,863

Granted
39,344

64,771

Vested
(68,649
)
(50,507
)
Share-based awards, end of period
1,724,761

1,784,127
Summary of employee stock purchase plan activity A summary of the activity under the Purchase Plan for the three months ended March 31, 2020 and 2019 is included in the table below.
 
THREE MONTHS ENDED MARCH 31,
 
2020

2019

Outstanding and exercisable, beginning of period
332,659

328,533

Granted
212,716

235,572

Exercised
(11,904
)
(14,630
)
Forfeited
(22,981
)
(16,625
)
Expired
(139,794
)
(142,074
)
Outstanding and exercisable, end of period
370,696

390,776