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Earnings per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings per Share

9.               Earnings per Share:

The computation of basic earnings per share is based on the weighted average number of common shares outstanding for the six-month periods ended June 30, 2021 and 2022. 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 per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive.

The Company calculates basic and diluted earnings per share as follows:

Earnings per Share - Earnings/ (Loss) per Share (Table) 

 

         
    Six months ended June 30,
    2021   2022
Income / (Loss) :        
Net income / (loss) $ 159,972  $ 370,510
          

 

           
Basic earnings / (loss) per share:        
Weighted average common shares outstanding, basic 100,256,417  102,098,942
Basic earnings / (loss) per share $ 1.60 $    3.63
         
Effect of dilutive securities:        
Dillutive effect of non vested shares         281,480           341,003
Weighted average common shares outstanding, diluted 100,537,897        102,439,945
         
Diluted earnings / (loss) per share $ 1.59  $ 3.62