Earnings (loss) per Share

9 Months Ended

Sep. 30, 2021

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

Net (loss) income	$	(25,552)	$	(7,232)	$	(22,682)	$	68,845
Preferred dividends and accretion	(5,479)				(5,479)		—
Net income (loss) to common shareholders	$	(31,031)	$	(7,232)	$	(28,161)	$	68,845
Basic:
Weighted-average shares	130,955		119,994		128,315		119,994
Earnings (loss) per share	$	(0.24)	$	(0.06)	$	(0.22)	$	0.57
Diluted:
Weighted-average shares	130,955		119,994		128,315		119,994
Equity compensation dilutive securities	—		—		—		—
Weighted average dilutive shares	130,955		119,994		128,315		119,994
Earnings (loss) per share	$	(0.24)	$	(0.06)	$	(0.22)	$	0.57

Potentially dilutive common shares issuable pursuant to equity-based awards were not included for the three months ended September 30, 2021 as their potential effect was anti-dilutive as the Company generated a net loss.