XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

EARNINGS PER SHARE AND EQUITY | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE AND EQUITY | 14. EARNINGS PER SHARE AND EQUITY Basic earnings per common share (“EPS”) is calculated by dividing net income (loss) attributable to shareholders by the weighted average number of common shares outstanding, plus any participating securities. Diluted EPS is calculated by dividing net income attributable to shareholders by the weighted average number of common shares outstanding, plus any participating securities and potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method. The calculation of basic and diluted EPS is presented below:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands, except share and per share data) | 2022 |  | 2021 |  | 2022 |  | 2021
Net loss from continuing operations | $ | (4,147) |  |  | $ | (8,512) |  |  | $ | (137,412) |  |  | $ | (41,762) |
Net loss from discontinued operations, net of income taxes | (14,782) |  |  | (30,931) |  |  | (101,416) |  |  | (69,165) |
Net loss | $ | (18,929) |  |  | $ | (39,443) |  |  | $ | (238,828) |  |  | (110,927) |
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries: |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | — |  |  | — |
Discontinued operations | (2,871) |  |  | (7,363) |  |  | (18,817) |  |  | (18,949) |
Less: Dividends on preferred shares | 6,791 |  |  | 6,791 |  |  | 20,373 |  |  | 17,967 |
Net loss attributable to shareholders | $ | (22,849) |  |  | $ | (38,871) |  |  | $ | (240,384) |  |  | $ | (109,945) |
Weighted Average Common Shares Outstanding - Basic (1) | 99,378,771 |  |  | 88,277,897 |  |  | 99,372,016 |  |  | 86,787,072 |
Weighted Average Common Shares Outstanding - Diluted (1) | 99,378,771 |  |  | 88,277,897 |  |  | 99,372,016 |  |  | 86,787,072 |
Loss per share: |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Continuing operations | $ | (0.11) |  |  | $ | (0.17) |  |  | $ | (1.59) |  |  | $ | (0.69) |
Discontinued operations | $ | (0.12) |  |  | $ | (0.27) |  |  | $ | (0.83) |  |  | $ | (0.58) |
Diluted |  |  |  |  |  |  |
Continuing operations | $ | (0.11) |  |  | $ | (0.17) |  |  | $ | (1.59) |  |  | $ | (0.69) |
Discontinued operations | $ | (0.12) |  |  | $ | (0.27) |  |  | $ | (0.83) |  |  | $ | (0.58) |
________________________________________________________ (1) Three and nine months ended September 30, 2022 and 2021 include participating securities which can be converted into a fixed amount of our shares. For the three months ended September 30, 2022 and 2021, 326,747 and 950,524 shares, respectively, and for the nine months ended September 30, 2022 and 2021, 654,693 and 940,254 shares, respectively, have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive. During the nine months ended September 30, 2022, we issue d 19,811 common shares to certain directors as compensation.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration