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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted Under the two-class method of calculating diluted earnings per share, net income is reallocated to common stock, the Series A Convertible Preferred Stock, and all dilutive securities based on the contractual participating rights of the security to share in the current earnings as if all of the earnings for the period had been distributed.

 

 

 

For the years ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Net (loss) income attributed to common stockholders

 

 

 

 

 

 

 

 

 

   Net (loss) income

 

$

(187,282

)

 

$

3,937

 

 

$

8,524

 

   Less: dividends paid to Series A convertible preferred stockholders

 

 

(11,526

)

 

 

—

 

 

 

—

 

   Net (loss) income attributed to common stockholders

 

$

(198,808

)

 

$

3,937

 

 

$

8,524

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.63

)

 

$

0.05

 

 

$

0.12

 

Dilutive

 

$

(2.63

)

 

$

0.05

 

 

$

0.11

 

Weighted average common stock outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

75,649

 

 

 

73,781

 

 

 

70,195

 

Dilutive

 

 

75,649

 

 

 

77,689

 

 

 

74,444