Comprehensive Income (Loss) per Common Share

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and September 30, 2021.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Net Income (Loss)	$	(144,315)	$	33,982	$	(269,340)	$	36,135
Less: Preferred dividends	(2,995)		(2,995)		(8,986)		(8,477)
Net Income (loss) available (related) to common stockholders	$	(147,310)	$	30,987	$	(278,326)	$	27,658

Weighted average common shares outstanding – basic	123,251		84,026		108,761		75,417
Add: Effect of dilutive non-vested awards, assumed vested	—		901		—		901
Weighted average common shares outstanding – diluted	123,251		84,927		108,761		76,318

For the three and nine months ended September 30, 2022, 633 of potentially dilutive non-vested awards outstanding were excluded from the computation of diluted Net Income (loss) available (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 income (loss) and the shares used in calculating weighted average basic and diluted comprehensive income (loss) per common share for the three and nine months ended September 30, 2022 and September 30, 2021.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Comprehensive Income (Loss)	$	(152,715)	$	13,297	$	(390,928)	$	(18,942)
Less: Preferred dividends	(2,995)		(2,995)		(8,986)		(8,477)
Comprehensive Income (Loss) available (related) to common stockholders	$	(155,710)	$	10,302	$	(399,914)	$	(27,419)
Comprehensive Income (Loss) per share available (related) to common stockholders:
Basic	$	(1.26)	$	0.12	$	(3.68)	$	(0.36)
Diluted	$	(1.26)	$	0.12	$	(3.68)	$	(0.36)
Weighted average common shares outstanding:
Basic	123,251		84,026		108,761		75,417
Add: Effect of dilutive non-vested awards, assumed vested	—		901		—		—
Diluted	123,251		84,927		108,761		75,417

For both the three and nine months ended September 30, 2022 and for the nine months ended September 30, 2021, 633 and 901 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.