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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation For Calculation of Basic And Diluted Earnings Per Share

The following is a reconciliation for the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Net (loss) income

 

$

(24,021

)

 

$

40,880

 

 

$

(56,503

)

 

$

70,958

 

Less: Net loss and comprehensive loss attributed to non-controlling interest

 

 

(1,530

)

 

 

—

 

 

 

(2,037

)

 

 

—

 

Net (loss) income and comprehensive (loss) income attributed to common shareholders

 

$

(22,491

)

 

$

40,880

 

 

$

(54,466

)

 

$

70,958

 

Weighted average number of common shares outstanding

 

 

187,174,176

 

 

 

125,631,725

 

 

 

187,124,886

 

 

 

120,351,366

 

Dilutive effect of securities

 

 

—

 

 

 

7,370,506

 

 

 

—

 

 

 

7,533,547

 

Diluted weighted average number of common shares outstanding

 

 

187,174,176

 

 

 

133,002,231

 

 

 

187,124,886

 

 

 

127,884,913

 

Basic (loss) earnings per share

 

$

(0.12

)

 

$

0.33

 

 

$

(0.29

)

 

$

0.59

 

Diluted (loss) earnings per share

 

$

(0.12

)

 

$

0.31

 

 

$

(0.29

)

 

$

0.55