Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

NET INCOME PER COMMON SHARE

Please refer to Note 1 for information regarding the Company’s treatment of its preferred stock and stock awards in the calculation of its basic and diluted net income per common share and to Note 7 for information regarding the Company’s stock award activity for the periods presented. The following table presents the computations of basic and diluted net income per common share for the periods indicated:

	Three Months Ended
	March 31,
	2022		2021
Weighted average number of common shares outstanding - basic	36,725,365		26,788,693
Incremental common shares-unvested RSUs	128,786		—
Incremental common shares-unvested PSUs	257,582		—
Weighted average number of common shares outstanding - diluted	37,111,733		26,788,693
Net income to common shareholders	$	115,286	$	112,383
Net income per common share-basic	$	3.14	$	4.20
Net income per common share-diluted	$	3.11	$	4.20

    

The Company did not have any potentially dilutive instruments outstanding during the three months ended March 31, 2021.