Net Income (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

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 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