(Loss) Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Reconciliation of Weighted-Average Common Shares Outstanding Used in Calculation of Basic EPS to Diluted EPS

The following table presents the calculation of basic and diluted (loss) earnings per common share (“EPS”) for the Company’s common stock for the three months ended March 31, 2022 and 2021, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS (amounts in thousands, except per share amounts):

 

	For the Three Months Ended March 31,
	2022		2021
Numerator:
Net (loss) income	$	(43,264)	$	20,486
Less: Net income allocated to participating securities	(117)		(119)
Numerator for basic and diluted earnings available to common stockholders	$	(43,381)	$	20,367
Denominator:
Weighted-average basic common shares outstanding	96,410		95,378
Dilutive performance stock awards	—		7
Weighted-average diluted common shares outstanding	96,410		95,385
(Loss) earnings per common share, basic	$	(0.45)	$	0.21
(Loss) earnings per common share, diluted	$	(0.45)	$	0.21
Antidilutive unvested RSAs, performance awards and TSR Awards excluded from the computation	534		446