Earnings Per Share and Equity Transactions (Tables)

9 Months Ended

Sep. 30, 2023

The following table reconciles the amounts used in calculating basic and diluted EPS:


	Three months ended September 30				Nine months ended September 30
	2023		2022		2023		2022
Numerator:
Net (loss) income attributed to common shares	$	(822)	$	936	$	2,379	$	52,358
Earnings allocated to unvested restricted shares	—		—		—		(63)
Net (loss) income attributed to common shares - basic and diluted	(822)		936		2,379		52,295

Denominator:
Weighted average common shares outstanding - basic	67,531,335		67,427,571		67,521,110		67,398,713
Dilutive effect of unvested restricted shares (a) (b)	—		119,688		199,375		159,602
Weighted average common shares outstanding - diluted	67,531,335		67,547,259		67,720,485		67,558,315

Basic and diluted earnings per common share:
Net (loss) income per common share - basic	$	(0.01)	$	0.01	$	0.04	$	0.78
Net (loss) income per common share - diluted	$	(0.01)	$	0.01	$	0.04	$	0.77

(a)For the three months ended September 30, 2023, the Company has excluded the anti-dilutive effect of stock-based compensation arrangements.

(b)For the nine months ended September 30, 2023, the Company has excluded the anti-dilutive effect of market-based awards granted in 2023.