v3.22.1
Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Summary of elements used in calculating basic and diluted earnings per common share
The following is a summary of the elements used in calculating basic and diluted earnings per common share:
For the Three Months Ended March 31,
20222021
Numerator:
Net (loss) income$(1,949)$9,286 
Gain from repurchase of preference shares - Series A, C and D3,543 62,450 
Amount allocated to participating common shareholders(1)
(10)(1,133)
Net income allocated to Maiden common shareholders$1,584 $70,603 
Denominator:
Weighted average number of common shares – basic86,547,173 85,132,939 
Potentially dilutive securities:
Share options and restricted share units(2)
3,642 3,949 
Adjusted weighted average number of common shares – diluted(2)
86,550,815 85,136,888 
Basic and diluted earnings per share attributable to common shareholders$0.02 $0.83 
(1)This represents the share in net income using the two-class method for holders of non-vested restricted shares issued to the Company's employees under the 2019 Omnibus Incentive Plan.
(2)Please refer to "Note 6. Shareholders' Equity" and "Note 14. Share Compensation and Pension Plans" in the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 for the terms and conditions of securities that could potentially be dilutive in the future. For the three months ended March 31, 2022, there were 3,642 potentially dilutive securities (2021 - 3,949).