Earnings Per Share

6 Months Ended

Jun. 30, 2023

18.

Earnings Per Share

The following table summarizes our net (loss) income and the number of common shares used in the computation of basic and diluted income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
(Amounts in thousands, except per share amounts)	2023			2022			2023			2022
Numerator:
Net (loss) income attributable to common stockholders	$	(47,538	)	$	(360	)	$	(45,809	)	$	3,011
Earnings allocated to unvested participating securities		(10	)		(22	)		(30	)		(43	)
Numerator for (loss) income per common share - basic and diluted	$	(47,548	)	$	(382	)	$	(45,839	)	$	2,968
Denominator:
Denominator for basic (loss) income per common share - weighted average shares		217,004			222,972			216,785			220,889
Effect of dilutive stock-based compensation plans (1)		-			-			-			41
Denominator for diluted (loss) income per common share - weighted average shares		217,004			222,972			216,785			220,930

(Loss) income per common share - basic and diluted	$	(0.22	)	$	(0.00	)	$	(0.21	)	$	0.01

(1)

The effect of dilutive securities excludes 17,517 and 20,354 weighted average share equivalents for the three months ended June 30, 2023 and 2022, respectively, and 17,427 and 22,347 weighted average share equivalents for the six months ended June 30, 2023 and 2022, respectively, as their effect was anti-dilutive.