Earnings Per Share

9 Months Ended

Sep. 30, 2023

The following table sets forth the computation of basic and diluted income (loss) per common share for the three and nine months ended September 30, 2023 and 2022, respectively:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Expressed in thousands of U.S. Dollars, except share information)	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to common shareholders	$	43,583	$	(136,117)	$	131,862	$	(38,979)

Denominator:
Weighted average common shares outstanding - basic	103,704		103,074		103,711		103,053
Effect of dilutive securities	1,720		—		1,260		—
Weighted average common shares outstanding - diluted	105,424		103,074		104,971		103,053

Income (loss) per common share - basic:	$	0.42	$	(1.32)	$	1.27	$	(0.38)
Income (loss) per common share - diluted:	$	0.41	$	(1.32)	$	1.26	$	(0.38)

In the three and nine months ended September 30, 2023, there were no common shares available for issuance under share-based compensation plans that were excluded from the calculation of diluted income (loss) per share because the assumed exercise or issuance of such shares would be anti-dilutive.

In each of the three and nine months ended September 30, 2022, 3.0 million common shares available for issuance under share-based compensation plans were excluded from the calculation of diluted income (loss) per share because the assumed exercise or issuance of such shares would be anti-dilutive.