Earnings per Share

9 Months Ended

Sep. 30, 2022

Earnings per Share

Earnings per Share

13. Earnings per Share

Earnings per share is computed by dividing net income (loss) by the weighted-average common shares outstanding. Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share considers potentially dilutive securities outstanding during the period.

Basic and diluted earnings per share is computed by dividing net income (loss) by the weighted-average common shares outstanding:

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
	2022		2021		2022		2021
Numerator:
Net income (loss) available to common shareholders	$	3,936	$	(1,762)	$	5,557	$	(3,567)
Denominator:
Basic weighted average common shares outstanding		157,140,166		149,016,609		156,523,022		147,894,227
Effects of dilutive securities		2,447,479		—		2,869,512		—
Diluted weighted average common shares outstanding		159,587,645		149,016,609		159,392,534		147,894,227
Earnings per share:
Basic	$	0.03	$	(0.01)	$	0.04	$	(0.02)
Diluted	$	0.02	$	(0.01)	$	0.03	$	(0.02)