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Earnings per share ("EPS") | 12 Months Ended
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Dec. 31, 2022
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 restricted shares using the treasury stock method. 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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