Per Common Share Amounts

9 Months Ended

Sep. 30, 2022

We calculate basic earnings per common share using the two class method. We calculate diluted earnings per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares, together with the related impact on earnings, are considered when calculating diluted earnings per share. The calculation of basic and diluted earnings per share is as follows (amounts in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerators:
Net income (loss)	$	16,964	$	3,712	$	(12,499)	$	(25,125)
Income attributable to unvested participating securities	(99)		(11)		(299)		—
Net income (loss) used in calculating earnings per share	$	16,865	$	3,701	$	(12,798)	$	(25,125)

Denominators:
Weighted average common shares outstanding - basic	48,286		48,211		48,260		48,179
Effect of dilutive securities: unvested share awards	—		33		—		—
Weighted average common shares outstanding - diluted	48,286		48,244		48,260		48,179

Net income (loss) per common share - basic and diluted	$	0.35	$	0.08	$	(0.27)	$	(0.52)