Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Numerator:

Weighted Average Number of Common Shares Outstanding

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

		Three Months Ended
		March 31,
		2023		2022
Numerator:
Net income (loss) available to common stockholders	$	61,320	$	(24,621)
Net loss attributable to noncontrolling interest in consolidated joint venture		(763)		—
Net income (loss) available to common stockholders - if-converted method	$	60,557	$	(24,621)
Denominator:
Weighted average shares outstanding - basic		55,182		55,086
Effect of dilutive stock-based compensation		281		—
Effect of dilutive put rights		3,863		—
Weighted average shares outstanding - diluted		59,326		55,086
Basic income (loss) per share available to common stockholders	$	1.11	$	(0.45)
Diluted income (loss) per share available to common stockholders	$	1.02	$	(0.45)