Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share

Basic earnings (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted average number of shares outstanding for the periods presented. The calculation of diluted earnings (loss) per share includes the potential dilutive impact of non-vested restricted shares outstanding during the periods presented, as calculated using the treasury stock method, unless their effect is anti-dilutive. The following table sets forth the computation of basic and diluted earnings per share:
(amounts in thousands)
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Net income (loss)
$
55,180

 
$
50,474

 
$
35,637

 
$
106,236

Preferred stock dividends
(1,823
)
 
(1,824
)
 
(3,647
)
 
(3,647
)
Income (loss) available to common stockholders
$
53,357

 
$
48,650

 
$
31,990

 
$
102,589

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
228,051

 
210,698

 
227,917

 
206,309

Dilutive impact of restricted stock
360

 
767

 
682

 
718

Weighted average common shares outstanding for diluted income (loss) per share
228,411

 
211,465

 
228,599

 
207,027

 
 
 
 
 
 
 
 
Basic income (loss) per share
$
0.23

 
$
0.23

 
$
0.14

 
$
0.50

Diluted income (loss) per share
$
0.23

 
$
0.23

 
$
0.14

 
$
0.50

 
 
 
 
 
 
 
 
Restricted stock (a)
641

 
—

 
498

 
—


(a)
Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.