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Earnings / (Loss) per Share:

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings / (Loss) per Share:

10.       Earnings / (Loss) per Share:

The computation of basic earnings/(loss) per share is based on the weighted average number of common shares outstanding for the six-months ended June 30, 2019 and 2020. The calculation of basic earnings per share does not consider the non-vested shares as outstanding until the time-based vesting restriction has lapsed. Diluted earnings/(loss) per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share for the six-months ended June 30, 2019 does not include the effect of the 956,500 non-vested shares and of the 104,250 non-vested share options outstanding as of that date, as that effect was anti-dilutive. Diluted earnings per share for the six months ended June 30, 2020 does not include the effect of the 1,371,038 non-vested shares outstanding as of that date, as their effect was anti-dilutive.

The Company calculates basic and diluted earnings / (loss) per share as follows:

Earnings / (Loss) per Share (Table)

		Six months ended June 30,
			2019			2020
Income / (Loss) :
Net income / (loss)		$	(45,515)		$	(41,365)
Basic earnings / (loss) per share:
Weighted average common shares outstanding, basic			92,457,415			95,797,142
Basic earnings / (loss) per share		$	(0.49)		$	(0.43)
Effect of dilutive securities:
Dillutive effect of non vested shares			—			—
Weighted average common shares outstanding, diluted			92,457,415			95,797,142
Diluted earnings / (loss) per share		$	(0.49)		$	(0.43)

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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