Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

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,
	2023		2022		2023		2022
Numerator for basic and diluted earnings per share:
Net income	$	(1,460)	$	7,094	$	5,716	$	54,281
Deduct net income attributable to non-controlling interests	(34)		(35)		(106)		(107)
Deduct earnings allocated to unvested restricted stock	(73)		(349)		268		(2,684)
Net income available for common stockholders: basic and diluted	$	(1,567)	$	6,710	$	5,878	$	51,490
Denominator for basic earnings per share:
Weighted average number of common shares outstanding	17,851,715		17,928,197		18,022,975		17,721,700
Effect of dilutive securities:
RSUs	—		66,260		22,792		62,662
Denominator for diluted earnings per share:
Weighted average number of shares	17,851,715		17,994,457		18,045,767		17,784,362
Earnings per common share, basic	$	(0.08)	$	0.37	$	0.30	$	2.91
Earnings per common share, diluted	$	(0.08)	$	0.37	$	0.27	$	2.89