Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022 and 2021 were as follows (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Loss from continuing operations	$	(10,739)	$	(22,330)	$	(27,337)	$	(46,344)

Allocation of earnings to unvested restricted share awards	(68)		121		(191)		(349)
Adjusted net loss from continuing operations	(10,807)		(22,209)		(27,528)		(46,693)
Income from discontinued operations	—		53,649		—		69,524
Allocation of earnings from discontinued operations to unvested restricted share awards	—		(283)		—		—
Adjusted income from discontinuing operations	—		53,366		—		69,524
Adjusted net (loss) income	$	(10,807)	$	31,157	$	(27,528)	$	22,831
Denominator:
Weighted average shares outstanding – basic and diluted	87,453		84,496		87,354		84,457





Earnings per common share, basic:
Continuing operations	$	(0.12)	$	(0.26)	$	(0.32)	$	(0.55)
Discontinued operations	—		0.63		—		0.82
Basic net (loss) income per common share	$	(0.12)	$	0.37	$	(0.32)	$	0.27
Earnings per common share, diluted:
Continuing operations	$	(0.12)	$	(0.26)	$	(0.32)	$	(0.55)
Discontinued operations	—		0.63		—		0.82
Diluted net( loss) income per common share	$	(0.12)	$	0.37	$	(0.32)	$	0.27

Dividends declared per common share	$	0.17	$	0.17	$	0.51	$	0.77