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Earnings Per Share and Equity Transactions | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share and Equity Transactions | Earnings Per Share and Equity Transactions Basic earnings per share ("EPS") is computed by dividing net income or loss attributed to common shares by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from awards issued pursuant to the Incentive Award Plan. The following table reconciles the amounts used in calculating basic and diluted earnings per share:
|  | Three months ended September 30 |  | Nine months ended September 30
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Numerator: |  |  |  |  |  |  |  |
Net income attributed to common shares |  | $ | 936 |  |  | $ | 3,992 |  |  | $ | 52,358 |  |  | $ | 5,391 |
Earnings allocated to unvested restricted shares |  | — |  |  | — |  |  | (63) |  |  | — |
Net income attributed to common shares - basic and diluted |  | 936 |  |  | 3,992 |  |  | 52,295 |  |  | 5,391 |
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  | 67,427,571 |  |  | 71,261,403 |  |  | 67,398,713 |  |  | 71,731,832 |
Dilutive effect of unvested restricted shares |  | 119,688 |  |  | 134,222 |  |  | 159,602 |  |  | 70,250 |
Weighted average common shares outstanding - diluted |  | 67,547,259 |  |  | 71,395,625 |  |  | 67,558,315 |  |  | 71,802,082 |
Basic and diluted earnings per common share: |  |  |  |  |  |  |  |
Net income per common share - basic |  | $ | 0.01 |  |  | $ | 0.06 |  |  | $ | 0.78 |  |  | $ | 0.08 |
Net income per common share - diluted |  | $ | 0.01 |  |  | $ | 0.06 |  |  | $ | 0.77 |  |  | $ | 0.08 |
Share Repurchase Program On February 23, 2022, the Company established a share repurchase program (the "SRP") of up to $150.0 million of the Company's outstanding shares of common stock. The SRP may be suspended or discontinued at any time, and does not obligate the Company to repurchase any dollar amount or particular amount of shares. As of September 30, 2022, the Company has not repurchased any common stock under the SRP. ATM Program On March 7, 2022, the Company established an at-the-market equity offering program (the "ATM Program") through which the Company may sell from time to time up to an aggregate of $250.0 million of its common stock. In connection with the ATM Program, the Company may sell shares of its common stock to or through sales agents, or may enter into separate forward sale agreements with one of the agents, or one of their respective affiliates, as a forward purchaser. As of September 30, 2022, the Company has not sold any common stock under the ATM Program.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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