Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2023

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.