EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2022

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator
Net (loss) income	$	(50,064)	$	10,223	$	7,343	$	(88,903)
Denominator
Basic weighted average common shares and common equivalents	230,982,227		220,865,518		230,936,032		216,227,221
Dilutive restricted stock units	—		1,198,392		843,718		—

Diluted weighted average common shares	230,982,227		222,063,910		231,779,750		216,227,221
Net (loss) income, per:
Basic common share	$	(0.22)	$	0.05	$	0.03	$	(0.41)
Diluted common share	$	(0.22)	$	0.05	$	0.03	$	(0.41)

During the three and nine months ended September 30, 2022, approximately 1.0 million and 10,500 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive. During the three and nine months ended September 30, 2021, approximately 2,400 and 1.1 million restricted stock units, respectively, and no shares and 29,900 shares, respectively, related to forward equity sale agreements were not included in computing diluted earnings per share because they were considered anti-dilutive.