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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of Basic Earnings Per Share

Earnings per share has not been presented for Class B shareholders, as they do not have economic rights.

 

 

 

Year Ended December 31,

 

(in thousands except per share amounts)

 

2022

 

 

2021

 

 

2020

 

Numerator - Basic and Diluted

 

 

 

 

 

 

 

 

 

Net loss

 

$

(120,097

)

 

$

(38,985

)

 

$

(152,964

)

Net loss attributable to non-controlling interests

 

 

46,152

 

 

 

10,836

 

 

 

47,938

 

Preferred dividends

 

 

(4,900

)

 

 

(4,900

)

 

 

(4,900

)

Net loss attributable to common shareholders - Basic and diluted

 

$

(78,845

)

 

$

(33,049

)

 

$

(109,926

)

 

 

 

 

 

 

 

 

 

 

Denominator - Basic and Diluted

 

 

 

 

 

 

 

 

 

Weighted average Class A common shares outstanding

 

 

49,729

 

 

 

42,393

 

 

 

38,298

 

Weighted average Class A common shares outstanding - Basic

 

 

49,729

 

 

 

42,393

 

 

 

38,298

 

Weighted average Class A common shares outstanding - Diluted

 

 

49,729

 

 

 

42,393

 

 

 

38,298

 

 

 

 

 

 

 

 

 

 

 

Net loss per share attributable to Class A and
   common shareholders - Basic

 

$

(1.59

)

 

$

(0.78

)

 

$

(2.87

)

Net loss per share attributable to Class A and
   common shareholders - Diluted

 

$

(1.59

)

 

$

(0.78

)

 

$

(2.87

)