Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				For the nine months ended September 30,
	2022		2021		2022		2021
Numerator:
Net income (loss) attributable to common shareholders	$	13,724	$	(43,984)	$	(80,504)	$	(181,269)
Less: Dividends paid on unvested share-based compensation	(12)		(12)		(34)		(35)
Less: Undistributed earnings attributable to share-based compensation	(109)		—		—		—
Net income (loss) available to common shareholders — basic	$	13,603	$	(43,996)	$	(80,538)	$	(181,304)
Plus: Interest expense on convertible notes	—		—		—		—
Net income (loss) available to common shareholders — diluted	$	13,603	$	(43,996)	$	(80,538)	$	(181,304)
Denominator:
Weighted-average number of common shares — basic	130,905,132		130,813,750		130,904,772		130,801,187
Effect of dilutive share-based compensation	244,651		—		—		—
Effect of dilutive convertible notes	—		—		—		—
Weighted-average number of common shares — diluted	131,149,783		130,813,750		130,904,772		130,801,187
Net income (loss) per share available to common shareholders — basic	$	0.10	$	(0.34)	$	(0.62)	$	(1.39)
Net income (loss) per share available to common shareholders — diluted	$	0.10	$	(0.34)	$	(0.62)	$	(1.39)