Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2022

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


	Three Months Ended March 31,
	2022		2021

Net income (loss)	$	(22,054)	$	4,576
Preferred dividends and accretion	11,606		—
Net income (loss) to common shareholders	$	(33,660)	$	4,576
Basic:
Weighted-average shares	148,288		126,994
Earnings (loss) per share	$	(0.23)	$	0.04
Diluted:
Weighted-average shares	148,288		126,994
Equity compensation dilutive securities	—		304
Weighted average dilutive shares	148,288		127,298
Earnings (loss) per share	$	(0.23)	$	0.04

Potentially dilutive common shares issuable pursuant to equity-based awards of 654,277 were not included for the three months ended March 31, 2022 as their potential effect was anti-dilutive as the Company generated a net loss. There were no potentially dilutive common shares issuable pursuant to the Convertible Notes as the stock price is below the strike price and the Company generated a net loss.