Basic and diluted EPS per common share:

Numerator for basic and diluted EPS per share of common stock:

Net (loss) income - Basic and diluted

$

(109,683

)

$

55,622

$

(178,920

)

$

72,078

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

194,662

148,239

194,662

148,239

Unvested dividend eligible share based compensation outstanding at the balance sheet date

-

273

-

273

Effect of weighting

1,308

(32,938

)

3,793

(12,143

)

Weighted average shares-basic and diluted

195,970

115,574

198,455

136,369

Net (loss) income per common share:

Basic and diluted

$

(0.56

)

$

0.48

$

(0.90

)

$

0.53

Anti-dilutive incentive shares not included in calculation

555

-

555

-