Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 earnings (loss) per common share (“EPS”) for the Company’s common stock for the three and six months ended June 30, 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 June 30,				For the Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income (loss)	$	20,669	$	21,317	$	(22,595)	$	41,803
Less: Net income allocated to participating securities	(94)		(116)		(211)		(234)
Numerator for basic and diluted earnings available to common stockholders	$	20,575	$	21,201	$	(22,806)	$	41,569
Denominator:
Weighted-average basic common shares outstanding	96,564		96,082		96,487		95,732
Dilutive performance stock awards	34		38		—		23
Weighted-average diluted common shares outstanding	96,598		96,120		96,487		95,755
Earnings (loss) per common share, basic	$	0.21	$	0.22	$	(0.24)	$	0.43
Earnings (loss) per common share, diluted	$	0.21	$	0.22	$	(0.24)	$	0.43
Antidilutive unvested RSAs, PSAs and TSR Awards excluded from the computation	341		439		431		439