EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Numerator
Net income (loss)	$	13,756	$	(77,605)	$	(113,256)
Denominator
Basic weighted average common shares and common equivalents	231,203,391		230,947,895		219,073,027
Dilutive restricted stock units	1,589,387		—		—
Diluted weighted average common shares	232,792,778		230,947,895		219,073,027
Net income (loss), per:
Basic common share	$	0.06	$	(0.34)	$	(0.52)
Diluted common share	$	0.06	$	(0.34)	$	(0.52)

During the years ended December 31, 2023, 2022 and 2021, approximately 500, 0.9 million and 1.0 million 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.