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Net Income (Loss) Per Share/Unit | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share/Unit | Net Income (Loss) Per Share/Unit Net income (loss) per share/unit is calculated using a retroactive application of the Exchange Ratio and the one-for-twelve reverse stock split that occurred in conjunction with the Merger. The Company calculated net income or loss per share/unit using the treasury stock method. The table below sets forth the computation of basic and diluted net income (loss) per share/unit for the three and nine months ended September 30, 2022 and 2021:
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  |  |  |  | 2022 |  | 2021 |  | 2022 |  | 2021
|  |  |  |  | (In thousands, except per share/unit)
Continuing Operations: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) - Diluted |  |  |  |  | $ | 59,817 |  |  | $ | 14,878 |  |  | $ | 91,204 |  |  | $ | (38,928) |
Less: Dividends on preferred units |  |  |  |  | — |  |  | — |  |  | — |  |  | (574) |
Net income (loss) attributable to common shareholders/unitholders - Basic(1) |  |  |  |  | $ | 59,817 |  |  | $ | 14,878 |  |  | $ | 91,204 |  |  | $ | (39,502) |
Basic weighted-average common shares/units outstanding |  |  |  |  | 19,546 |  |  | 19,434 |  |  | 19,530 |  |  | 17,218 |
Effecting of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Restricted shares/units |  |  |  |  | 41 |  |  | 106 |  |  | 102 |  |  | — |
Diluted weighted-average common shares/units outstanding |  |  |  |  | 19,587 |  |  | 19,540 |  |  | 19,632 |  |  | 17,218 |
Continuing Operations: |  |  |  |  |  |  |  |  |  |  |
Basic net income (loss) per common share/unit |  |  |  |  | $ | 3.06 |  |  | $ | 0.77 |  |  | $ | 4.67 |  |  | $ | (2.29) |
Diluted net income (loss) per common share/unit |  |  |  |  | $ | 3.05 |  |  | $ | 0.76 |  |  | $ | 4.65 |  |  | $ | (2.29) |
_____________________________________________________ (1) Used in the basic and diluted net loss per share/unit calculation when the Company is in a net loss position. For the three and nine months ended September 30, 2022 and 2021, the following shares/units were excluded from the calculation of diluted net income (loss) per share/unit due to their anti-dilutive effect:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands)
Restricted shares/units | 293 |  |  | 127 |  |  | 232 |  |  | 228 |

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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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