COMMON STOCK AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of computation of earnings per share

The following is a reconciliation of basic and diluted earnings per common share for each of the periods presented (in thousands, except share and per share data):


	Three Months Ended
	March 31, 2022		March 31, 2021
Basic and Diluted Earnings:
Net Income (Loss) Attributable to Common Stockholders, Used in Basic EPS	$	(993)	$	7,785
Add Back: Effect of Dilutive Interest Related to 2025 Notes ⁽¹⁾		—		—
Net Income (Loss) Attributable to Common Stockholders, Used in Diluted EPS		(993)		7,785

Basic and Diluted Shares:
Weighted Average Shares Outstanding, Basic		5,908,892		5,879,085
Common Shares Applicable to Dilutive Effect of 2025 Notes ⁽²⁾		—		—
Weighted Average Shares Outstanding, Diluted		5,908,892		5,879,085

Per Share Information:
Net Income (Loss) Attributable to Common Stockholders
Basic and Diluted	$	(0.17)	$	1.32

⁽¹⁾

As applicable, includes interest expense, amortization of discount, amortization of fees, and other changes in net income or loss that would result from the assumed conversion. For the three months ended March 31, 2022, a total of $0.6 million was not included, as the impact of the 2025 Notes (hereinafter defined), if-converted, would be antidilutive due to the net loss of $1.0 million.

⁽²⁾

A total of 1.0 million shares representing the dilutive impact of the Company’s 2025 Notes (hereinafter defined), upon adoption of ASU 2020-06 effective January 1, 2022, were not included in the computation of diluted net income (loss) attributable to common stockholders for the three months ended March 31, 2022 because they were antidilutive due to the net loss of $1.0 million.