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, 2022		Three Months Ended December 31, 2021		Year 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 outstanding	19,553		19,470		16,021
Effecting of dilutive securities:
Restricted shares/units	133		99		—
Diluted weighted-average common shares/units outstanding	19,686		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, 2022	Three Months Ended December 31, 2021	Year Ended September 30, 2021
	(In thousands)
Restricted shares/units	405	268	228