Annual report pursuant to Section 13 and 15(d)

Equity and Earnings Per Common Share (Tables)

v3.20.4
Equity and Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
Equity and Earnings Per Common Share  
Schedule of weighted average shares outstanding

Year Ended December 31,

(in thousands)

    

2018

2019

    

2020

Basic weighted average number of shares outstanding

186,203

442,640

478,278

Add: Dilutive effect of RSUs

Add: Dilutive effect of Series A preferred stock

Diluted weighted average number of shares outstanding

186,203

442,640

478,278

Weighted average number of outstanding equity awards excluded from calculation of diluted earnings per common share (1):

RSUs

1,026

1,812

PSUs

148

Series B Units

1,366

Preferred shares

1,318

1,297

(1)

The potential dilutive effects of these awards were excluded from the computation of earnings (loss) per common shares, assuming dilution because the inclusion of these awards would have been anti-dilutive.

Schedule of earnings per common share

Year Ended December 31,

(in thousands, except per share amounts)

    

2018

2019

    

2020

Net income (loss)

66,608

(355,114)

(122,527)

Less net income attributable to Series B Units

(5,236)

Less preferred stock dividends

(442)

(550)

Net income (loss) available to common shareholders

61,372

(355,556)

(123,077)

Net income (loss) per share–basic

0.33

(0.80)

(0.26)

Net income (loss) per share–diluted

0.33

(0.80)

(0.26)

Weighted average common shares outstanding–basic

186,203

442,640

478,278

Weighted average common shares outstanding–diluted

186,203

442,640

478,278