Equity (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31,
	2022		2021
Numerator for basic and diluted earnings per share:
Net Income (loss)	$	11,544	$	(3,731)
Deduct net income attributable to non-controlling interests	(36)		(34)
Deduct (earnings) loss allocated to unvested restricted stock	(574)		163
Net income (loss) available for common stockholders: basic and diluted	$	10,934	$	(3,602)

Denominator for basic earnings per share:
Weighted average number of common shares outstanding	17,561,802		17,319,222
Effect of dilutive securities:
RSUs	92,547		—		(1)
Denominator for diluted earnings per share:
Weighted average number of shares	17,654,349		17,319,222

Earnings (loss) per common share, basic	$	0.62	$	(0.22)
Earnings (loss) per common share, diluted	$	0.62	$	(0.22)

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(1) Excludes the shares underlying RSU's as their effect would have been anti-dilutive.