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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Computation of Earnings (Loss) Per Common Share

A summary of the information used in the computation of earnings (loss) per common share follows.

 

 

 

Years Ended December 31,

 

($ in thousands, except per share data)

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

 

(45,174

)

 

$

 

327,380

 

 

$

 

323,770

 

Net income or dividends allocated to participating securities - basic and diluted

 

 

 

1,756

 

 

 

 

5,546

 

 

 

 

5,930

 

Net income (loss) allocated to common shareholders - basic and diluted

 

$

 

(46,930

)

 

$

 

321,834

 

 

$

 

317,840

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares - basic

 

 

 

86,533

 

 

 

 

86,488

 

 

 

 

85,355

 

Dilutive potential common shares

 

 

 

 

 

 

 

111

 

 

 

 

166

 

Weighted average common shares - diluted

 

 

 

86,533

 

 

 

 

86,599

 

 

 

 

85,521

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 

(0.54

)

 

$

 

3.72

 

 

$

 

3.72

 

Diluted

 

$

 

(0.54

)

 

$

 

3.72

 

 

$

 

3.72