Earnings Per Share and Equity Transactions (Tables)

6 Months Ended

Jun. 30, 2021

The following table reconciles the amounts used in calculating basic and diluted earnings per share:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
Numerator:
Net income (loss)	$	1,499	$	(9,611)	$	1,399	$	(13,097)
Earnings allocated to unvested restricted shares (a)	—		—		—		—
Net income (loss) attributed to common shareholders	$	1,499	$	(9,611)	$	1,399	$	(13,097)

Denominator:
Weighted average number of common shares outstanding - basic	71,943,522		72,137,317		71,970,925		72,136,129
Effect of unvested restricted shares (b)	92,804		—		53,528		—
Weighted average number of common shares outstanding - diluted	72,036,326		72,137,317		72,024,453		72,136,129

Basic and diluted earnings per common share:
Net income (loss) per common share	$	0.02	$	(0.13)	$	0.02	$	(0.18)

(a)For the three and six months ended June 30, 2021 and 2020, there were no undistributed earnings to be allocated.

(b)For the three and six months ended June 30, 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares.