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Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of selected quarterly financial data

The following table sets forth the selected quarterly financial data (unaudited) for the Company ($ in thousands, except per share amounts). Certain amounts have been reclassified from the prior period presentation (Refer to Note 3 - Net Lease Sale and Discontinued Operations).


	For the Quarters Ended
	December 31,		September 30,		June 30,		March 31,
2022
Revenue	$	30,278	$	47,757	$	48,063	$	31,953
Net income (loss) from continuing operations		(80,844)		17,952		(132,494)		(1,888)
Net income from discontinued operations		—		—		—		797,688
Net income (loss) allocable to common shareholders		(86,709)		12,131		(138,485)		610,855
Earnings per share⁽¹⁾
Net income (loss) from continuing operations
Basic	$	(1.00)	$	0.14	$	(1.70)	$	(0.11)
Diluted		(1.00)		0.14		(1.70)		(0.11)
Net income from discontinued operations
Basic	$	—	$	—	$	—	$	8.96
Diluted		—		—		—		8.96
Net income (loss) allocable to common shareholders
Basic	$	(1.00)	$	0.14	$	(1.70)	$	8.85
Diluted		(1.00)		0.14		(1.70)		8.85
Weighted average number of common shares
Basic		86,704		85,458		81,442		69,037
Diluted		86,704		85,687		81,442		69,037

2021
Revenue	$	50,760	$	143,632	$	54,254	$	59,984
Net income (loss) from continuing operations		(41,578)		109,380		(36,731)		(14,497)
Net income from discontinued operations		52,037		21,614		25,315		22,486
Net income (loss) allocable to common shareholders		7,077		121,856		(19,543)		(405)
Earnings per share⁽¹⁾
Net income (loss) from continuing operations
Basic	$	(0.68)	$	1.45	$	(0.59)	$	(0.28)
Diluted		(0.68)		1.28		(0.59)		(0.28)
Net income from discontinued operations
Basic	$	0.79	$	0.26	$	0.32	$	0.27
Diluted		0.79		0.23		0.32		0.27
Net income (loss) allocable to common shareholders
Basic	$	0.11	$	1.71	$	(0.27)	$	(0.01)
Diluted		0.11		1.51		(0.27)		(0.01)
Weighted average number of common shares
Basic		69,328		71,299		72,872		73,901
Diluted		69,328		80,487		72,872		73,901

(1)	Basic and diluted EPS are computed independently based on the weighted-average shares of common stock and stock equivalents outstanding for each period. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year.