BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2023

BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE

Basic and diluted income (loss) per Common Share

The calculation of basic and diluted loss per share after adjustment for the effects of all potential dilutive Common Shares, is as follows:


	Three Months Ended March 31,
		2023		2022
Net income (loss) attributable to owners of the Company		$	114,265	$	(14,729)

Basic weighted average common shares outstanding		157,930,097		156,614,344
Dilutive impact of stock options and restricted stock units		1,298,970		—
Diluted weighted average common shares outstanding		159,229,067		156,614,344

Basic net income (loss) per common share		$	0.72	$	(0.09)
Diluted net income (loss) per common share		$	0.72	$	(0.09)

For the three months ended March 31, 2023 and 2022, a weighted average of 0.26 million and 1.53 million, respectively, stock options and restricted stock units (“RSUs”) have been excluded from the calculation of diluted net income per Common Share as their effect would have been anti-dilutive. In addition, the Company excluded stock appreciation rights (“SARs”) of 1.66 million and 2.40 million, respectively, as they are contingently issuable based on specified market prices of the Company’s Common Shares, which were not achieved as of the end of each period.