XML 26 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Earnings per share ("EPS")
 12 Months Ended
Dec. 31, 2020
Earnings per share ("EPS") [Abstract]  
Earnings per share ("EPS")
Note 5 - Earnings per share (“EPS”)
 
The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the exercise of all dilutive stock options and restricted shares using the treasury stock method.
 
The components of the calculation of basic EPS and diluted EPS are as follows:
 
(Dollars in thousands)
 
2020
  
2019
  
2018
Profit/(loss) for the period used for calculation of EPS - basic
 
$
266,266
  
$
73,679
  
$
(46,927
)
Interest and amortization on the convertible notes
 
$
6,766
  
$
12,177
  
$
-
 
Profit/(loss) for the period used for calculation of EPS - dilutive
 
$
273,032
  
$
85,856
  
$
(46,927
)
             
Basic earnings per share:
            
Weighted average shares outstanding - basic
  
155,712,886
   
143,437,164
   
143,429,610
 
             
Diluted earnings per share:
            
Weighted average shares outstanding - basic
  
155,712,886
   
143,437,164
   
143,429,610
 
Dilutive equity awards
  
65,873
   
133,342
   
5,311
 
Dilutive shares related to convertible notes
  
14,275,217
   
24,589,370
   
-
 
Weighted average shares outstanding - dilutive
  
170,053,975
   
168,159,876
   
143,434,921