EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share (in thousands, except share and per share amounts):

	Year Ended December 31,
	2022		2021		2020
Numerator
Net (loss) income	$	(77,605)	$	(113,256)	$	138,417
Denominator
Basic weighted average common shares and common equivalents	230,947,895		219,073,027		206,223,503
Dilutive restricted stock units	—		—		1,029,327
Diluted weighted average common shares	230,947,895		219,073,027		207,252,830
Net (loss) income, per:
Basic common share	$	(0.34)	$	(0.52)	$	0.67
Diluted common share	$	(0.34)	$	(0.52)	$	0.67

During the years ended December 31, 2022, 2021 and 2020, approximately 0.9 million, 1.0 million and 67,000 restricted stock units, respectively, and during the year ended December 31, 2021, approximately 25,000 shares related to forward equity sale agreements, were not included in computing diluted earnings per share because they were considered anti-dilutive.