Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of 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,
	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to common shareholders	$	(68,130)	$	13,724	$	(68,308)	$	(80,504)
Less: Dividends paid on unvested share-based compensation	(10)		(12)		(31)		(34)
Less: Undistributed earnings attributable to share-based compensation	—		(109)		—		—
Net income (loss) available to common shareholders — basic	$	(68,140)	$	13,603	$	(68,339)	$	(80,538)
Plus: Interest expense on convertible notes	—		—		—		—
Net income (loss) available to common shareholders — diluted	$	(68,140)	$	13,603	$	(68,339)	$	(80,538)
Denominator:
Weighted-average number of common shares — basic	120,057,744		130,905,132		122,394,293		130,904,772
Effect of dilutive share-based compensation	—		244,651		—		—
Effect of dilutive convertible notes	—		—		—		—
Weighted-average number of common shares — diluted	120,057,744		131,149,783		122,394,293		130,904,772
Net income (loss) per share available to common shareholders — basic	$	(0.57)	$	0.10	$	(0.56)	$	(0.62)
Net income (loss) per share available to common shareholders — diluted	$	(0.57)	$	0.10	$	(0.56)	$	(0.62)