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Earnings / (Loss) per Share | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Earnings / (Loss) per Share | 9. 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-month periods ended June 30, 2020 and 2021. 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. For the six months ended June 30, 2020, the Company incurred losses and the effect of 1,371,038 non-vested shares outstanding as of that date, would be anti-dilutive. Hence for the six months ended June 30, 2020 “Basic loss per share” equals “Diluted loss per share.” The Company calculates basic and diluted earnings / (loss) per share as follows: Earnings / (Loss) per share (Table)
| Six months ended June 30,
|  | 2020 |  |  | 2021
Income / (Loss) : |  |  |  |  |
Net income / (loss) | $ | (41,365) |  | $ | 159,972
Basic earnings / (loss) per share: |  |  |  |  |
Weighted average common shares outstanding, basic |  | 95,797,142 |  |  | 100,256,417
Basic earnings / (loss) per share | $ | (0.43) |  | $ | 1.60
Effect of dilutive securities: |  |  |  |  |
Dillutive effect of non vested shares |  | - |  |  | 281,480
Weighted average common shares outstanding, diluted |  | 95,797,142 |  |  | 100,537,897
Diluted earnings / (loss) per share | $ | (0.43) |  | $ | 1.59

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