Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Earnings Per Common Share

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

	For the three months ended June 30,				For the six months ended June 30,
	2022		2021		2022		2021
Numerator:
Net income (loss) attributable to common shareholders	$	16,646	$	(8,564)	$	(94,228)	$	(137,285)
Less: Dividends paid on unvested share-based compensation	(12)		(12)		(22)		(23)
Less: Undistributed earnings attributable to share-based compensation	(133)		—		—		—
Net income (loss) available to common shareholders — basic	$	16,501	$	(8,576)	$	(94,250)	$	(137,308)
Plus: Interest expense on convertible notes	3,281		—		—		—
Net income (loss) available to common shareholders — diluted	$	19,782	$	(8,576)	$	(94,250)	$	(137,308)
Denominator:
Weighted-average number of common shares — basic	130,904,876		130,813,521		130,904,589		130,794,801
Effect of dilutive share-based compensation	374,188		—		—		—
Effect of dilutive convertible notes	29,441,175		—		—		—
Weighted-average number of common shares — diluted	160,720,239		130,813,521		130,904,589		130,794,801
Net income (loss) per share available to common shareholders — basic	$	0.13	$	(0.07)	$	(0.72)	$	(1.05)
Net income (loss) per share available to common shareholders — diluted	$	0.12	$	(0.07)	$	(0.72)	$	(1.05)