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Earnings per share ("EPS") (Tables) | 12 Months Ended
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Dec. 31, 2022
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) |  | 2022 |  |  | 2021 |  |  | 2020 |
Profit/(loss) for the period used for calculation of EPS – basic |  | $ | 61,520 |  |  | $ | (11,521 | ) |  | $ | 266,266 |
Interest and amortization on the convertible notes |  | $ | - |  |  | $ | - |  |  | $ | 6,766 |
Profit/(loss) for the period used for calculation of EPS – dilutive |  | $ | 61,520 |  |  | $ | (11,521 | ) |  | $ | 273,032 |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding – basic |  |  | 164,692,954 |  |  |  | 169,089,325 |  |  |  | 155,712,886 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding – basic |  |  | 164,692,954 |  |  |  | 169,089,325 |  |  |  | 155,712,886 |
Dilutive equity awards 1 |  |  | 157,137 |  |  |  | - |  |  |  | 65,873 |
Dilutive shares related to convertible notes |  |  | - |  |  |  | - |  |  |  | 14,275,217 |
Weighted average shares outstanding – dilutive |  |  | 164,850,091 |  |  |  | 169,089,325 |  |  |  | 170,053,975 |
1 | In 2022, 2021, and 2020, equity awards of nil, 77,546 and nil, respectively, were excluded from the calculation of the dilutive weighted average shares outstanding due to being anti-dilutive.

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