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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

Three Months Ended

Six Months Ended

June 30,

June 30,

(Dollars and shares in thousands, except for per share amounts)

    

2021

    

2020

    

2021

    

2020

 

Basic earnings (loss) per common share:

    

    

    

    

Net income (loss)

$

98,960

$

(84,935)

$

245,909

$

(60,825)

Weighted-average basic common shares

70,866

43,318

70,937

38,439

Basic earnings (loss) per common share

$

1.40

$

(1.96)

$

3.47

$

(1.58)

Diluted earnings (loss) per common share:

Net income (loss)

$

98,960

$

(84,935)

$

245,909

$

(60,825)

Weighted-average basic common shares

70,866

43,318

70,937

38,439

Effect of dilutive securities

543

508

Weighted-average dilutive shares

71,409

43,318

71,445

38,439

Diluted earnings (loss) per common share

$

1.39

$

(1.96)

$

3.44

$

(1.58)

Schedule of anti-dilutive securities excluded from computation of diluted earnings per common share

Three Months Ended June 30,

Six Months Ended June 30,

(Dollars in thousands)

    

2021

    

2020

    

2021

    

2020

 

Number of shares

62,235

296,178

    

62,235

296,178

Range of exercise prices

$

87.30

to

$

91.35

$

16.66

to

$

91.35

$

87.30

to

$

91.35

$

16.66

to

$

91.35