Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted EPS of common stock for the three months ended March 31, 2022 and 2021:

		Three Months Ended March 31,
(in thousands, except per share data)		2022	2021
Basic (loss) earnings per share:
Numerator	Net (loss) income attributable to common stockholders	($9,523)	$2,418
	Less: Net income allocable to participating preferred stock	—	914
	Net (loss) income allocable to common stockholders	(9,523)	1,504
Denominator	Weighted average number of common stock outstanding	51,736	51,031
	Basic (loss) earnings per share:	($0.18)	$0.03
Diluted (loss) earnings per share:
Numerator	Net (loss) income allocable to common stockholder	($9,523)	$1,504
Denominator	Weighted average number of shares
	Common stock outstanding	51,736	51,031
	Dilutive effect of restricted stock and restricted stock units	—	1,265
	Weighted number of shares used for diluted (loss) earnings per share	51,736	52,296
	Diluted (loss) earnings per share	($0.18)	$0.03

Amounts that could potentially dilute basic earnings per share

The following represents the weighted average number of shares that could potentially dilute basic earnings per share in the future:

	Three Months Ended March 31,
(in thousands)	2022	2021
Convertible preferred stock	32,186	—
Stock-based compensation awards(1):
Stock options	1,507	800
Restricted stock awards and restricted stock units	3,668	22

(1) SARs and Phantom stocks are payable in cash and will therefore have no impact on number of shares.