Net Income (Loss) per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares

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