Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.22.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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

Year Ended December 31, 

    

2021

    

2020

    

2019

Net (loss) income

$

(41,478)

$

37,790

$

74,086

Less portion allocated to nonvested shares

 

 

437

 

1,371

Net (loss) income allocated to common shares

$

(41,478)

$

37,353

$

72,715

Weighted average common shares outstanding - basic

 

142,271

 

141,622

 

140,583

Dilutive effect of securities

1,655

3,141

Weighted average common shares outstanding - diluted

142,271

143,277

143,724

Earnings per common share:

Basic

$

(0.29)

$

0.26

$

0.52

Diluted

$

(0.29)

$

0.26

$

0.52

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

1,370