Earnings Per Share and Equity Transactions (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
Numerator:
Net income attributed to common shareholders	$	41,921	$	1,499	$	51,422	$	1,399
Earnings allocated to unvested restricted shares	(171)		—		(138)		—
Net income attributed to common shareholders - basic and diluted	41,750		1,499		51,284		1,399

Denominator:
Weighted average common shares outstanding - basic	67,413,049		71,943,542		67,384,044		71,970,945
Dilutive effect of unvested restricted shares	137,797		92,804		193,480		53,528
Weighted average common shares outstanding - diluted	67,550,846		72,036,346		67,577,524		72,024,473

Basic and diluted earnings per common share:
Net income per common share, basic and diluted	$	0.62	$	0.02	$	0.76	$	0.02