Stockholders' Equity and Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of basic and diluted earnings per common share

The table below presents the computation of basic and diluted net earnings per share of common stock for the periods presented:

	Year Ended
(dollars in thousands, except share and per share data):	December 31, 2022			December 31, 2021
Net (loss) income	$	(116,391	)	$	82,488
Basic weighted-average shares of common stock outstanding		132,841,196			132,579,289
Dilutive effect of share-based compensation – unvested restricted stock units (1)		—			87,213
Diluted weighted-average shares of common stock outstanding		132,841,196			132,666,502
Basic earnings per common share	$	(0.88	)	$	0.62
Diluted earnings per common share	$	(0.88	)	$	0.62

(1)Amounts exclude all potential common and common equivalent shares for periods when there is a net loss from continuing operations.

Schedule of stock equivalents excluded from diluted net income per share

For the periods presented, the following common stock equivalents were excluded from the calculations of diluted earnings per share because their effect would have been anti-dilutive:

	Year Ended
	December 31, 2022		December 31, 2021
Weighted-average restricted stock units outstanding		27,091		199,709
Unexercised public warrants and private placement warrants		15,604,192		15,604,304
Total stock equivalents excluded		15,631,283		15,804,013