EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of reconciling the numerator and denominator of EPS

The table below reconciles the numerator and denominator of EPS for the years ended December 31, 2021, 2020 and 2019.

(in thousands, except per-share information)

2021

2020

2019

Basic and diluted EPS per common share:

Numerator for basic and diluted EPS per share of common stock:

Net (loss) income - Basic and diluted

$

(64,760)

$

2,128

$

24,265

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

176,993

76,073

63,062

Unvested dividend eligible share based compensation

outstanding at the balance sheet date

-

96

63

Effect of weighting 

(55,849)

(8,958)

(6,797)

Weighted average shares-basic and diluted

121,144

67,211

56,328

Net (loss) income per common share:

Basic and diluted

$

(0.54)

$

0.03

$

0.43

Anti-dilutive incentive shares not included in calculation.

281

-

-