Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):


	For the three months ended September 30,				For the nine months ended September 30,
	2021		2020		2021		2020
Numerator:
Net income (loss) attributable to common shareholders	$	(43,984)	$	(138,446)	$	(181,269)	$	(243,288)
Less: dividends paid on unvested share-based compensation	(12)		(2)		(35)		(6)

Net income (loss) available to common shareholders	$	(43,996)	$	(138,448)	$	(181,304)	$	(243,294)
Denominator:
Weighted-average number of common shares — basic	130,813,750		130,645,990		130,801,187		130,588,765
Effect of dilutive share-based compensation	—		—		—		—
Weighted-average number of common shares — diluted	130,813,750		130,645,990		130,801,187		130,588,765

Net income (loss) per share available to common shareholders — basic	$	(0.34)	$	(1.06)	$	(1.39)	$	(1.86)
Net income (loss) per share available to common shareholders — diluted	$	(0.34)	$	(1.06)	$	(1.39)	$	(1.86)