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Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of selected quarterly financial data

The following table sets forth the selected quarterly financial data (unaudited) for the Company ($ in thousands, except per share amounts). Certain amounts have been reclassified from the prior period presentation (Refer to Note 3 - Net Lease Sale and Discontinued Operations).


	For the Quarters Ended
	December 31,		September 30,		June 30,		March 31,
2021
Revenue	$	50,760	$	143,632	$	54,254	$	59,984
Net income (loss) from continuing operations		(41,578)		109,380		(36,731)		(14,497)
Net income from discontinued operations		52,037		21,614		25,315		22,486
Net income (loss) allocable to common shareholders		7,077		121,856		(19,543)		(405)
Earnings per share⁽¹⁾
Net income (loss) from continuing operations
Basic	$	(0.68)	$	1.45	$	(0.59)	$	(0.28)
Diluted		(0.68)		1.28		(0.59)		(0.28)
Net income from discontinued operations
Basic	$	0.79	$	0.26	$	0.32	$	0.27
Diluted		0.79		0.23		0.32		0.27
Net income (loss) allocable to common shareholders
Basic	$	0.11	$	1.71	$	(0.27)	$	(0.01)
Diluted		0.11		1.51		(0.27)		(0.01)
Weighted average number of common shares
Basic		69,328		71,299		72,872		73,901
Diluted		69,328		80,487		72,872		73,901

2020
Revenue	$	92,346	$	64,221	$	45,244	$	122,288
Net income (loss) from continuing operations		(34,199)		(14,382)		(36,024)		(31,703)
Net income from discontinued operations		24,143		20,833		21,661		18,818
Net income (loss) allocable to common shareholders		(19,083)		(2,069)		(23,335)		(21,450)
Earnings per share⁽¹⁾
Net income (loss) from continuing operations
Basic and diluted	$	(0.55)	$	(0.27)	$	(0.55)	$	(0.49)
Net income from discontinued operations
Basic and diluted	$	0.29	$	0.24	$	0.24	$	0.21
Net income (loss) allocable to common shareholders
Basic and diluted	$	(0.26)	$	(0.03)	$	(0.31)	$	(0.28)
Weighted average number of common shares
Basic and diluted		74,053		75,033		76,232		77,444

(1)	Basic and diluted EPS are computed independently based on the weighted-average shares of common stock and stock equivalents outstanding for each period. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year.