Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Basic earnings per share
Net loss attributable to the Company	$	(20,788	)	$	(41,388	)	$	(18,529	)	$	(82,110	)
Less: Dividends allocable to unvested restricted stock		(281	)		(210	)		(561	)		(210	)
Net loss attributable to common shareholders		(21,069	)		(41,598	)		(19,090	)		(82,320	)
Weighted-average basic shares outstanding		31,313			30,973			31,309			29,091
Net loss per share attributable to common shareholders	$	(0.67	)	$	(1.34	)	$	(0.61	)	$	(2.83	)

Diluted earnings per share (1)
Net loss attributable to common shareholders	$	(21,069	)	$	(41,598	)	$	(19,090	)	$	(82,320	)
Weighted-average diluted shares outstanding		31,313			30,973			31,309			29,091
Net loss per share attributable to common shareholders	$	(0.67	)	$	(1.34	)	$	(0.61	)	$	(2.83	)

(1)

For the three and six months ended June 30, 2023, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2023, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 94 and 75 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards. For the three and six months ended June 30, 2022, the computation of diluted EPS does not include contingently issuable shares related to PSUs and unvested restricted stock awards due to their anti-dilutive nature. For the three and six months ended June 30, 2022, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have included 187 and 177 contingently issuable shares, respectively, related to PSUs and unvested restricted stock awards.