EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2022

The following table illustrates the computation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator
Net income (loss)	$	16,805	$	(132,573)	$	57,407	$	(99,126)
Denominator
Basic weighted average common shares and common equivalents	230,967,163		216,264,207		230,913,462		213,870,329
Dilutive restricted stock units	714,373		—		728,496		—

Diluted weighted average common shares	231,681,536		216,264,207		231,641,958		213,870,329
Net income (loss), per:
Basic common share	$	0.07	$	(0.61)	$	0.25	$	(0.46)
Diluted common share	$	0.07	$	(0.61)	$	0.25	$	(0.46)

During the three and six months ended June 30, 2022, approximately 48,800 and 57,200 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive. During the three and six months ended June 30, 2021, approximately 4,600 and 1,800 restricted stock units, respectively, and no shares and 300 shares, respectively, related to forward equity sale agreements were not included in computing diluted earnings per share because they were considered anti-dilutive.