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(LOSS) EARNINGS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
(LOSS) EARNINGS PER COMMON SHARE | (LOSS) EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted (loss) earnings per common share (“EPS”) for the Company’s common stock for the three and six months ended June 30, 2023 and 2022, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS (amounts in thousands, except per share amounts):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (484) |  |  | $ | 20,669 |  |  | $ | 18,743 |  |  | $ | (22,595) |
Less: Net income allocated to participating securities | (89) |  |  | (94) |  |  | (178) |  |  | (211) |
Numerator for basic and diluted earnings available to common stockholders | $ | (573) |  |  | $ | 20,575 |  |  | $ | 18,565 |  |  | $ | (22,806) |
Denominator: |  |  |  |  |  |  |
Weighted-average basic common shares outstanding | 99,117 |  |  | 96,564 |  |  | 99,090 |  |  | 96,487 |
Dilutive potential common shares - performance stock awards | — |  |  | 34 |  |  | 90 |  |  | — |
Dilutive potential common shares - forward equity agreements | — |  |  | — |  |  | 14 |  |  | — |
Weighted-average diluted common shares outstanding | 99,117 |  |  | 96,598 |  |  | 99,194 |  |  | 96,487 |
(Loss) earnings per common share, basic | $ | (0.01) |  |  | $ | 0.21 |  |  | $ | 0.19 |  |  | $ | (0.24) |
(Loss) earnings per common share, diluted | $ | (0.01) |  |  | $ | 0.21 |  |  | $ | 0.19 |  |  | $ | (0.24) |
Antidilutive unvested restricted stock awards, total shareholder return units, performance awards, and forward equity shares excluded from the computation | 500 |  |  | 341 |  |  | 316 |  |  | 431 |

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