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Earnings Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share (“EPS”) is computed based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from exercises of stock options, vesting of performance share units, vesting of restricted stock, vesting of restricted stock units, and conversion of preferred stock.
The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted EPS computations for the periods presented (in thousands, except per share data):
Three Months Ended
March 31,
 20222021
Numerator for EPS:
Net income (loss)$17,537 $26,408 
Less: Preferred stock dividends(3)(3)
Income (loss) available to common stockholders$17,534 $26,405 
Denominator for EPS:
Weighted average common shares outstanding31,147 31,208 
Plus: Assumed conversion of share-based compensation (1)55 44 
     Assumed conversion of preferred stock25 25 
Weighted average diluted common shares outstanding31,227 31,277 
Basic earnings (loss) per common share$0.56 $0.85 
Diluted earnings (loss) per common share$0.56 $0.84 
(1)
Represents the dilutive effect of unexercised stock options, unvested performance share units, unvested restricted stock units and unvested restricted stock.