Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share Calculations

The following table presents the basic and diluted earnings per share calculations for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
	(In thousands, except per share data)
Basic EPS:
Net income attributable to common shareholders	$	10,649	$	3,121
Less: earnings attributable to participating securities		160		48
Net earnings attributable to common shareholders	$	10,489	$	3,073
Weighted average common shares outstanding		32,098		31,892
Basic earnings per common share	$	0.33	$	0.10
Diluted EPS:
Net income attributable to common stockholders	$	10,649	$	3,121
Weighted average common shares outstanding		32,098		31,892
Add dilutive effects for warrants		1,871		2,127
Add dilutive effects for stock options		5		5
Add dilutive effects of unvested restricted stock awards		66		180
Add dilutive effects of unvested performance-based stock units		12		—
Weighted average diluted common shares outstanding		34,052		34,204
Diluted earnings per common share	$	0.31	$	0.09

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share

The following table sets forth the number of shares excluded from the computation of diluted earnings per share, as their inclusion would have been anti-dilutive (in thousands):

	Three Months Ended March 31,
	2023		2022
Stock options		773		773
Unvested restricted stock awards		282		—
Unvested performance-based stock units		154		—
Share equivalents excluded from EPS		1,209		773