Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted

The following sets forth the computation of basic and diluted earnings per share under the two-class method:

	Three Months Ended March 31,
(Thousands, except per share data)	2022			2021
Basic earnings per share:
Numerator:
Net income (loss) attributable to shareholders	$	52,730		$	(4,438	)
Less: Income allocated to participating securities		(331	)		(248	)
Dividends declared on convertible preferred stock		(5	)		(3	)
Net income (loss) attributable to common shares	$	52,394		$	(4,689	)
Denominator:
Basic weighted-average common shares outstanding		235,046			231,469
Basic earnings (loss) per common share	$	0.22		$	(0.02	)

	Three Months Ended March 31,
(Thousands, except per share data)	2022			2021
Diluted earnings per share:
Numerator:
Net income (loss) attributable to shareholders	$	52,730		$	(4,438	)
Less: Income allocated to participating securities		(331	)		(248	)
Dividends declared on convertible preferred stock		(5	)		(3	)
Impact on if-converted dilutive securities		2,994			-
Net income (loss) attributable to common shares	$	55,388		$	(4,689	)
Denominator:
Basic weighted-average common shares outstanding		235,046			231,469
Effect of dilutive non-participating securities		1,226			-
Impact on if-converted dilutive securities		31,032			-
Weighted-average shares for dilutive earnings per common share		267,304			231,469
Dilutive earnings (loss) per common share	$	0.21		$	(0.02	)