| Schedule of computation of basic and diluted earnings per share |
The following table presents the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | | (in thousands except share and per share data) | 2024 | | 2023 | | 2024 | | 2023 | | | | Numerator: | | | | | | | | | | | Net income/(loss) | $ | (61,319) | | | $ | 61,679 | | | $ | 6,485 | | | $ | 168,991 | | | | | Preferred stock dividends | 4,313 | | | 4,313 | | | 12,938 | | | 12,938 | | | | | Net income/(loss) available to common stockholders | $ | (65,632) | | | $ | 57,366 | | | $ | (6,453) | | | $ | 156,053 | | | | | Denominator: | | | | | | | | | | | Basic earnings per common share—weighted average common shares | 46,201,518 | | | 48,007,466 | | | 46,674,034 | | | 48,168,486 | | | | | Effect of dilutive outstanding stock-settled awards | 407,224 | | | 521,232 | | | 379,683 | | | 555,542 | | | | | Dilutive earnings per common share—weighted average diluted common shares | 46,608,742 | | | 48,528,698 | | | 47,053,717 | | | 48,724,028 | | | | | Basic earnings/(loss) per common share | $ | (1.42) | | | $ | 1.19 | | | $ | (0.14) | | | $ | 3.24 | | | | | Diluted earnings/(loss) per common share | $ | (1.41) | | | $ | 1.18 | | | $ | (0.14) | | | $ | 3.20 | | | | | Anti-dilutive outstanding stock-settled awards | 622 | | | 87,738 | | | 62,560 | | 319,021 | | |
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