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Earnings per share ("EPS") (Tables)
12 Months Ended
Dec. 31, 2021
Earnings per share ("EPS") [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
The components of the calculation of basic EPS and diluted EPS are as follows:
 
(Dollars in thousands)
 
2021
   
2020
   
2019
 
Profit/(loss) for the period used for calculation of EPS - basic
 
$
(11,521
)
 
$
266,266
   
$
73,679
 
Interest and amortization on the convertible notes
 
$
-
   
$
6,766
   
$
12,177
 
Profit/(loss) for the period used for calculation of EPS - dilutive
 
$
(11,521
)
 
$
273,032
   
$
85,856
 
                         
Basic earnings per share:
                       
Weighted average shares outstanding - basic
   
169,089,325
     
155,712,886
     
143,437,164
 
                         
Diluted earnings per share:
                       
Weighted average shares outstanding - basic
   
169,089,325
     
155,712,886
     
143,437,164
 
Dilutive equity awards *
   
-
     
65,873
     
133,342
 
Dilutive shares related to convertible notes
   
-
     
14,275,217
     
24,589,370
 
Weighted average shares outstanding - dilutive
   
169,089,325
     
170,053,975
     
168,159,876
 



*In 2021, 77,546 equity awards were not included in the calculation of the dilutive weighted average shares outstanding due to being anti-dilutive