Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of the Computation of Basic and Diluted Earnings per Share

The computations of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator:
Loss from continuing operations	$	(22,330)	$	(7,043)	$	(46,344)	$	(24,714)

Allocation of earnings to unvested restricted share awards	121		(151)		(349)		(453)
Adjusted net loss from continuing operations	(22,209)		(7,194)		(46,693)		(25,167)
Income from discontinued operations	53,649		6,087		69,524		20,071
Allocation of earnings to unvested restricted share awards to discontinued operations	(283)		—		—		—
Adjusted income from discontinuing operations	53,366		6,087		69,524		20,071
Adjusted net income (loss)	$	31,157	$	(1,107)	$	22,831	$	(5,096)
Denominator:
Weighted average shares outstanding – basic and diluted	84,496		82,186		84,457		82,142





Earnings per common share, basic:
Continuing operations	$	(0.26)	$	(0.09)	$	(0.55)	$	(0.31)
Discontinued operations	0.63		0.07		0.82		0.24
Basic net income (loss) per common share (1)	$	0.37	$	(0.01)	$	0.27	$	(0.06)
Earnings per common share, diluted:
Continuing operations	$	(0.26)	$	(0.09)	$	(0.55)	$	(0.31)
Discontinued operations	0.63		0.07		0.82		0.24
Diluted net income (loss) per common share (1)	$	0.37	$	(0.01)	$	0.27	$	(0.06)

Dividends declared per common share	$	0.17	$	0.30	$	0.77	$	0.90

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(1) Earnings per share may not sum due to rounding