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Earnings per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings per Share | Note 10 – Earnings per Sh are Earnings per share ("EPS") is calculated under the two-class method. Under the two-class method, all earnings (distributed and undistributed) are allocated to common stock and participating securities. The Company grants restricted stock awards to certain employees under its share-based compensation program, which entitle recipients to receive nonforfeitable dividends during the vesting period on a basis equivalent to the dividends paid to holders of common stock. These unvested restricted stock awards meet the definition of participating securities based on their respective rights to receive nonforfeitable dividends. Diluted EPS incorporates the potential impact of contingently issuable shares. Diluted EPS is calculated under both the two-class and treasury stock methods, and the more dilutive amount is reported. Performance stock units ("PSUs") and unvested restricted stock awards are contingently issuable common shares and are included in diluted EPS if the effect is dilutive. The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Basic earnings per share |  |  |  |  |  |
Net income (loss) attributable to the Company |  | $ | 2,259 |  |  | $ | (40,722 | )
Less: Dividends allocable to unvested restricted stock |  |  | (280 | ) |  |  | — |
Net income (loss) attributable to common shareholders |  |  | 1,979 |  |  |  | (40,722 | )
Weighted-average basic shares outstanding |  |  | 31,304 |  |  |  | 27,998 |
Net income (loss) per share attributable to common shareholders |  | $ | 0.06 |  |  | $ | (1.45 | )
Diluted earnings per share (1) |  |  |  |  |  |
Net income (loss) attributable to common shareholders |  | $ | 1,979 |  |  | $ | (40,722 | )
Weighted-average basic shares outstanding |  |  | 31,369 |  |  |  | 27,998 |
Net income (loss) per share attributable to common shareholders |  | $ | 0.06 |  |  | $ | (1.45 | )
(1) For the three months ended March 31, 2023, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the two-class method. Additionally, for the three months ended March 31, 2023, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. Had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,378, including 10 contingently issuable shares related to unvested restricted stock awards. There were no potential dilutive common shares and there were no anti-dilutive shares for the three months ended March 31, 2022.

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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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