Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
(Thousands, except per share data)	2022		2021		2022		2021
Basic earnings per share:
Numerator:
Net (loss) income attributable to shareholders	$	(155,679)	$	43,366	$	(49,252)	$	87,835
Less: Income allocated to participating securities	(226)		(283)		(897)		(864)
Dividends declared on convertible preferred stock	(5)		(3)		(15)		(8)
Net (loss) income attributable to common shares	$	(155,910)	$	43,080	$	(50,164)	$	86,963
Denominator:
Basic weighted-average common shares outstanding	235,739		233,513		235,483		232,269
Basic (loss) earnings per common share	$	(0.66)	$	0.18	$	(0.21)	$	0.37

	Three Months Ended September 30,				Nine Months Ended September 30,
(Thousands, except per share data)	2022		2021		2022		2021
Diluted earnings per share:
Numerator:
Net (loss) income attributable to shareholders	$	(155,679)	$	43,366	$	(49,252)	$	87,835
Less: Income allocated to participating securities	(226)		(283)		(897)		(864)
Dividends declared on convertible preferred stock	(5)		(3)		(15)		(8)
Impact on if-converted dilutive securities	—		2,984		—		—
Net (loss) income attributable to common shares	$	(155,910)	$	46,064	$	(50,164)	$	86,963
Denominator:
Basic weighted-average common shares outstanding	235,739		233,513		235,483		232,269
Effect of dilutive non-participating securities	—		338		—		271
Impact on if-converted dilutive securities	—		30,570		—		—
Weighted-average shares for dilutive earnings per common share	235,739		264,421		235,483		232,540
Dilutive (loss) earnings per common share	$	(0.66)	$	0.17	$	(0.21)	$	0.37