Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Net Income (Loss) Per Common Share

The reconciliation of basic and diluted net income (loss) per common share for the three month periods ended March 31, 2023 and 2022 was as follows:

	Three Months Ended March 31,
	2023			2022
Net income (loss)
Basic and diluted	$	(30,578	)	$	88,897
Net income (loss) per common share
Basic	$	(0.46	)	$	1.35
Diluted	$	(0.46	)	$	1.34
Weighted average number of common shares outstanding:
Basic (a)		66,259,216			66,034,772
Effect of dilutive instruments:
PSUs		—			357,712
Restricted shares		—			32,663
Diluted		66,259,216			66,425,147

(a)For the three month period ended March 31, 2023, the weighted average number of common shares outstanding excludes 34,699 restricted shares which have been granted, but have not vested as of March 31, 2023 (2022 – 49,195 restricted shares).

Anti-Dilutive Instruments Excluded from Calculation of Net Income (Loss) Per Common Share

Instruments excluded from the calculation of net income (loss) per common share because they were anti-dilutive for the three month periods ended March 31, 2023 and 2022 were as follows:

	Three Months Ended March 31,
	2023		2022
PSUs		3,843,552		—
Restricted shares		34,699		—
RSUs		50,000		—
DSUs		11,554		—