Earnings Per Share and Equity Transactions (Tables)

12 Months Ended

Dec. 31, 2021

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


	Year ended December 31,
	2021		2020		2019
Numerator:
Net (loss) income from continuing operations	$	(5,360)	$	(10,174)	$	63,899
Earnings allocated to unvested restricted shares	—		—		(29)
Net (loss) income from continuing operations attributable to common shareholders	$	(5,360)	$	(10,174)	$	63,870
Net loss from discontinued operations attributable to common shareholders	$	—	$	—	$	(25,500)

Denominator:
Weighted average common shares outstanding - basic	71,072,933		72,040,623		72,914,406
Effect of unvested restricted shares (a)	—		—		76,384
Weighted average common shares outstanding - diluted	71,072,933		72,040,623		72,990,790

Basic and diluted earnings per common share:
Net (loss) income per common share, continuing operations, basic and diluted	$	(0.08)	$	(0.14)	$	0.88
Net loss per common share, discontinued operations, basic and diluted	—		—		(0.35)
Net (loss) income per common share, basic and diluted	$	(0.08)	$	(0.14)	$	0.53

(a)For the years ended December 31, 2021 and 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares.