Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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


	Three Months Ended March 31,
	2024			2023
Basic earnings per share
Net income attributable to the Company	$	50		$	2,259
Less: Earnings allocable to unvested restricted stock		(259	)		(280	)
Net (loss) income attributable to common shareholders		(209	)		1,979
Weighted-average basic shares outstanding		31,546			31,304
Net (loss) income per share attributable to common shareholders	$	(0.01	)	$	0.06

Diluted earnings per share (1)
Net (loss) income attributable to common shareholders	$	(209	)	$	1,979
Weighted-average diluted shares outstanding		31,546			31,369
Net (loss) income per share attributable to common shareholders	$	(0.01	)	$	0.06

(1)

For the three months ended March 31, 2024, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,568,257, including 22,536 contingently issuable shares related to unvested restricted stock awards. 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 31,378,419, including 9,625 contingently issuable shares related to unvested restricted stock awards.