Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Numerator:

Weighted Average Number of Common Shares Outstanding

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2022		2021		2022		2021
Numerator:
Net income (loss) available to common shareholders	$	45,241	$	(8,546)	$	70,904	$	(170,986)
Net income attributable to noncontrolling interest in consolidated joint venture		1,887		—		—		—
Net income (loss) available to common shareholders - if-converted method	$	47,128	$	(8,546)	$	70,904	$	(170,986)
Denominator:
Weighted average shares outstanding - basic		55,159		55,065		55,132		55,040
Effect of dilutive stock-based compensation		178		—		197		—
Effect of dilutive put rights		3,978		—		—		—
Weighted average shares outstanding - diluted		59,315		55,065		55,329		55,040
Basic income (loss) per share available to common stockholders	$	0.82	$	(0.16)	$	1.29	$	(3.11)
Diluted income (loss) per share available to common stockholders	$	0.79	$	(0.16)	$	1.28	$	(3.11)