Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

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


	For the year ended December 31,
		2021		2020		2019
Numerator:
Net income (loss) attributable to common shareholders		$	(235,018)	$	(424,285)	$	82,886
Less: dividends paid on unvested share-based compensation		(47)		(8)		(294)

Net income (loss) available to common shareholders		$	(235,065)	$	(424,293)	$	82,592
Denominator:
Weighted-average number of common shares — basic		130,804,354		130,610,015		130,471,670
Effect of dilutive share-based compensation		—		—		246,636
Weighted-average number of common shares — diluted		130,804,354		130,610,015		130,718,306

Net income (loss) per share available to common shareholders — basic		$	(1.80)	$	(3.25)	$	0.63
Net income (loss) per share available to common shareholders — diluted		$	(1.80)	$	(3.25)	$	0.63