Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Earnings (Loss) Per Share

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Note 11 - Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
11.
Earnings (Loss) Per Share
 
The following table presents the calculation of basic and diluted earnings (loss) per common share (in thousands, except per share amounts):
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2019
    
2018
    
2019
    
2018
  
Net income (loss)
   $
36,389
     $
36,083
     $
(11,372
 )   $
63,723
  
Less portion allocated to nonvested shares
    
666
      
1,474
      
—
      
2,621
  
Net income (loss) allocated to common shares
   $
35,723
     $
34,609
     $
(11,372
 )   $
61,102
  
Weighted average common shares outstanding
    
140,567
      
138,929
      
140,507
      
138,892
  
                                 
Basic and diluted earnings (loss) per common share
   $
0.25
     $
0.25
     $
(0.08
 )   $
0.44
  
                                 
Shares excluded due to being anti-dilutive (weighted-average)
    
—
      
—
      
2,978
      
—