Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 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 September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income (loss)	$	709	$	11,918	$	(21,886)	$	53,721
Less: Net income allocated to participating securities	(94)		(116)		(305)		(350)
Numerator for basic and diluted earnings available to common stockholders	$	615	$	11,802	$	(22,191)	$	53,371
Denominator:
Weighted-average basic common shares outstanding	96,605		96,297		96,527		95,922
Dilutive performance stock awards	20		—		—		15
Weighted-average diluted common shares outstanding	96,625		96,297		96,527		95,937
Earnings (loss) per common share, basic	$	0.01	$	0.12	$	(0.23)	$	0.56
Earnings (loss) per common share, diluted	$	0.01	$	0.12	$	(0.23)	$	0.56
Antidilutive unvested RSAs, PSAs and TSR Awards excluded from the computation	341		535		478		436