Comprehensive Income (Loss) per Common Share

6 Months Ended

Jun. 30, 2022

Comprehensive Income (Loss) per Common Share

Note 11 - Net Income (Loss) per Common Share

The following table presents a reconciliation of net income (loss) and the shares used in calculating weighted average basic and diluted earnings per common share for the three and six months ended June 30, 2022 and June 30, 2021.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Net Income (Loss)	$	(58,591)	$	(69,174)	$	(125,025)	$	2,153
Less: Preferred dividends	(2,996)		(2,996)		(5,991)		(5,482)
Net Loss related to common stockholders	$	(61,587)	$	(72,170)	$	(131,016)	$	(3,329)

Weighted average common shares outstanding – basic	106,514		76,064		101,396		71,041
Add: Effect of dilutive non-vested awards, assumed vested	—		—		—		—
Weighted average common shares outstanding – diluted	106,514		76,064		101,396		71,041

For the three and six months ended June 30, 2022 and June 30, 2021, 696 and 978, respectively, of potentially dilutive non-vested awards outstanding were excluded from the computation of diluted Net Loss related to common stockholders because to have included them would have been anti-dilutive for the period.

Note 12 - Comprehensive Income (Loss) per Common Share

The following table presents a reconciliation of comprehensive net loss and the shares used in calculating weighted average basic and diluted comprehensive loss per common share for the three and six months ended June 30, 2022 and June 30, 2021.


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Comprehensive Loss	$	(93,241)	$	(61,332)	$	(238,213)	$	(32,239)
Less: Preferred dividends	(2,996)		(2,996)		(5,991)		(5,482)
Comprehensive Loss related to common stockholders	$	(96,237)	$	(64,328)	$	(244,204)	$	(37,721)
Comprehensive Loss per share related to common stockholders:
Basic	$	(0.90)	$	(0.85)	$	(2.41)	$	(0.53)
Diluted	$	(0.90)	$	(0.85)	$	(2.41)	$	(0.53)
Weighted average common shares outstanding:
Basic	106,514		76,064		101,396		71,041
Add: Effect of dilutive non-vested awards, assumed vested	—		—		—		—
Diluted	106,514		76,064		101,396		71,041

For the three and six months ended June 30, 2022 and June 30, 2021, 696 and 978, respectively, of potentially dilutive non-vested awards outstanding were excluded from the computation of diluted Comprehensive Loss related to common stockholders because to have included them would have been anti-dilutive for the period.