Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Earnings Per Share

v3.20.2
Note 10 - Earnings Per Share
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

10.

Earnings Per Share

 

The following table presents the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share amounts): 

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 
   

2020

   

2019

   

2020

   

2019

 

Net (loss) income

  $ (5,904 )   $ 36,389     $ 60,076     $ (11,372 )

Less portion allocated to nonvested shares

          666       707        

Net (loss) income allocated to common shares

  $ (5,904 )   $ 35,723     $ 59,369     $ (11,372 )

Weighted average common shares outstanding

    141,597       140,567       141,571       140,507  
                                 

Basic and diluted (loss) earnings per common share

  $ (0.04 )   $ 0.25     $ 0.42     $ (0.08 )
                                 

Shares excluded due to being anti-dilutive (weighted-average)

    1,665                   2,978