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Net Income (Loss) Per Share/Unit
12 Months Ended
Dec. 31, 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 periods presented below:
Year Ended December 31, 2022Three Months Ended December 31, 2021Year Ended September 30, 2021
(In thousands, except per share/unit)
Continuing Operations:
Net income (loss) - Diluted$118,011 $21,398 $(46,869)
Less: Dividends on preferred units— — (1,491)
Net income (loss) attributable to common shareholders/unitholders - Basic(1)
$118,011 $21,398 $(48,360)
Basic weighted-average common shares/units outstanding19,553 19,470 16,021 
Effecting of dilutive securities:
Restricted shares/units133 99 — 
Diluted weighted-average common shares/units outstanding19,686 19,569 16,021 
Continuing Operations:
Basic net income (loss) per common share/unit$6.04 $1.10 $(3.02)
Diluted net income (loss) per common share/unit$5.99 $1.09 $(3.02)
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(1) Used in the basic and diluted net loss per share/unit calculation when the Company is in a net loss position.
The following shares/units were excluded from the calculation of diluted net income (loss) per share/unit due to their anti-dilutive effect for the periods presented:
Year Ended December 31, 2022Three Months Ended December 31, 2021Year Ended September 30, 2021
(In thousands)
Restricted shares/units405 268 228