Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Reconciliation of Numerator and Denominator of Basic and Diluted Earnings Per Share Computations

The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted EPS computations for the periods presented (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator for EPS:
Net income (loss)	$	20,183	$	(3,169)	$	68,532	$	36,780
Less: Preferred stock dividends	(3)		(3)		(8)		(8)
Income (loss) available to common stockholders	$	20,180	$	(3,172)	$	68,524	$	36,772
Denominator for EPS:
Weighted average common shares outstanding	31,247		31,659		31,232		32,116
Plus: Assumed conversion of share-based compensation (1)	65		—		45		61
Assumed conversion of preferred stock	25		—		25		25
Weighted average diluted common shares outstanding	31,337		31,659		31,302		32,202
Basic earnings (loss) per common share	$	0.65	$	(0.10)	$	2.19	$	1.14
Diluted earnings (loss) per common share	$	0.64	$	(0.10)	$	2.19	$	1.14


(1)						Represents the dilutive effect of unexercised stock options, unvested performance share units, unvested restricted stock units and unvested restricted stock.