Quarterly report pursuant to Section 13 or 15(d)

Equity and Earnings Per Common Share (Tables)

v3.19.2
Equity and Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2019
Equity and Earnings Per Common Share  
Schedule of weighted average shares outstanding

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

    

2018

    

2019

    

2018

    

2019

Basic weighted average number of shares outstanding

186,199

506,816

186,194

381,045

Add: Dilutive effect of restricted stock units

78

108

Add: Dilutive effect of Series A preferred stock

873

873

Diluted weighted average number of shares outstanding

186,199

507,767

186,194

382,026

Schedule of earnings per common share

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands, except per share amounts)

    

2018

    

2019

    

2018

    

2019

Net income

$

14,387

69,274

$

27,192

78,922

Less net income attributable to Series B Units

(506)

(919)

Less preferred stock dividends

(139)

(168)

Net income available to common shareholders

$

13,881

69,135

$

26,273

78,754

Net income per share–basic and diluted

$

0.07

0.14

$

0.14

0.21

Weighted average common shares outstanding–basic

186,199

506,816

186,194

381,045

Weighted average common shares outstanding–diluted

186,199

507,767

186,194

382,026