(Loss) Earnings Per Common Share (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2022, 2021 and 2020, 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 for the years ended December 31, 2022, 2021 and 2020 (amounts in thousands, except per share amounts):

 

	Year Ended December 31,
	2022		2021		2020
Numerator:
Net (loss) income	$	(7,506)	$	71,982	$	80,867
Less: Net income allocated to participating securities	(440)		(507)		(298)
Numerator for basic and diluted earnings available to common stockholders	$	(7,946)	$	71,475	$	80,569
Denominator:
Weighted-average basic common shares outstanding	96,703		96,017		95,200
Dilutive performance stock awards	—		75		7
Weighted-average diluted common shares outstanding	96,703		96,092		95,207
(Loss) earnings per common share, basic	$	(0.08)	$	0.74	$	0.85
(Loss) earnings per common share, diluted	$	(0.08)	$	0.74	$	0.85
Antidilutive unvested restricted stock awards, total shareholder units and performance awards excluded from the computation	744		591		296