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Earnings Per Share and Equity Transactions
 6 Months Ended
Jun. 30, 2023
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 may occur from awards issued pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan (the "Incentive Award Plan").
The following table reconciles the amounts used in calculating basic and diluted earnings per share:
Three months ended June 30Six months ended June 30
2023202220232022
Numerator:
Net income attributed to common shares$2,068 $41,921 $3,201 $51,422 
Earnings allocated to unvested restricted shares— (171)— (138)
Net income attributed to common shares - basic and diluted2,068 41,750 3,201 51,284 
Denominator:
Weighted average common shares outstanding - basic67,523,105 67,413,049 67,515,913 67,384,044 
Dilutive effect of unvested restricted shares (a)188,743 137,797 167,313 193,480 
Weighted average common shares outstanding - diluted67,711,848 67,550,846 67,683,226 67,577,524 
Basic and diluted earnings per common share:
Net income per common share - basic$0.03 $0.62 $0.05 $0.76 
Net income per common share - diluted$0.03 $0.62 $0.05 $0.76 
(a)For the three and six months ended June 30, 2023, the Company has excluded the anti-dilutive effect of market-based awards granted in 2023.

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 June 30, 2023, the Company has not sold any common stock under the ATM Program.
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 June 30, 2023, the Company has not repurchased any common stock under the SRP.