Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Loss Per Common Share

The following table illustrates the computation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2022 and 2021:

	Three Months Ended
	March 31, 2022		March 31, 2021
	(In thousands of U.S. dollars, except share data)
Basic Earnings (Loss) per Share
Net income (loss)	$	9,528	$	(7,473	)
Basic weighted average common stock outstanding		45,603,208		40,292,838
Basic earnings (loss) per share	$	0.21	$	(0.19	)
Diluted Earnings (Loss) per Share
Net income (loss)	$	9,528	$	(7,473	)
Basic weighted average common stock outstanding		45,603,208		40,292,838
Net effect of dilutive equity awards		1,090,086		—
Diluted weighted average common stock outstanding		46,693,294		40,292,838
Diluted earnings (loss) per share	$	0.20	$	(0.19	)

Schedule of Antidilutive Securities Excluded from the Computation of Loss Per Common Share

The following outstanding instruments were excluded from the computation of diluted loss per share, as they have an anti-dilutive effect on the calculation:

	Three Months Ended
	March 31, 2022		March 31, 2021
Options		130,000		1,471,421
Restricted Stock Units		—		1,109,572