Earnings Per Share and Equity Transactions (Tables)

12 Months Ended

Dec. 31, 2022

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


	Year ended December 31,
	2022		2021		2020
Numerator:
Net income (loss) attributed to common shares	$	52,233	$	(5,360)	$	(10,174)
Earnings allocated to unvested restricted shares	—		—		—
Net income (loss) attributed to common shares - basic and diluted	$	52,233	$	(5,360)	$	(10,174)

Denominator:
Weighted average common shares outstanding - basic	67,406,233		71,072,933		72,040,623
Dilutive effect of unvested restricted shares (a)	119,702		—		—
Weighted average common shares outstanding - diluted	67,525,935		71,072,933		72,040,623

Basic and diluted earnings per common share:
Net income (loss) per common share - basic	$	0.77	$	(0.08)	$	(0.14)
Net income (loss) per common share - diluted	$	0.77	$	(0.08)	$	(0.14)

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