Equity (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Reconciliation of the Numerator and Denominator of Earnings Per Share

The following table provides a reconciliation of the numerator and denominator of earnings per share calculations ( amounts in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator for basic and diluted earnings per share:
Net Income (loss)	$	28,141	$	(7,450)	$	30,470	$	(16,464)
(Deduct) add net (income) loss attributable to non-controlling interests	(35)		(34)		(102)		(97)
Deduct earnings (loss) allocated to unvested restricted stock	(1,426)		324		(1,441)		710
Net income (loss) available for common stockholders: basic and diluted	$	26,680	$	(7,160)	$	28,927	$	(15,851)

Denominator for basic earnings per share:
Weighted average number of common shares outstanding	17,261,520		17,176,401		16,916,623		17,095,315
Effect of dilutive securities:
RSUs (1)	31,468		—		76,351		—
Denominator for diluted earnings per share:
Weighted average number of shares	17,292,988		17,176,401		16,992,974		17,095,315

Earnings (loss) per common share, basic	$	1.55	$	(0.44)	$	1.71	$	(0.97)
Earnings (loss) per common share, diluted	$	1.54	$	(0.44)	$	1.70	$	(0.97)

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(1) For the three and nine months ended September 30, 2020, excludes the shares underlying RSU's as their effect would have been anti-dilutive.