EARNINGS (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of 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 months ended March 31, 2023 and 2022, 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,
	2023		2022
Numerator:
Net income (loss)	$	19,227	$	(43,264)
Less: Net income allocated to participating securities	(89)		(117)
Numerator for basic and diluted earnings available to common stockholders	$	19,138	$	(43,381)
Denominator:
Weighted-average basic common shares outstanding	99,063		96,410
Dilutive performance stock awards	24		—
Weighted-average diluted common shares outstanding	99,087		96,410

Earnings (loss) per common share, basic	$	0.19	$	(0.45)
Earnings (loss) per common share, diluted	$	0.19	$	(0.45)
Antidilutive unvested restricted stock awards, total shareholder units and performance awards excluded from the computation	318		534