Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share for the three years ended December 31, 2023 was as follows (in thousands, except per share data):


	Year Ended December 31,
	2023		2022		2021
Numerator:
Loss from continuing operations	$	(52,977)	$	(30,868)	$	(53,140)

Allocation of earnings to unvested restricted share awards	(255)		(232)		(393)
Adjusted loss from continuing operations	(53,232)		(31,100)		(53,533)
Income from discontinued operations, including gain on sale of real estate	—		—		69,524



Adjusted net (loss) income	$	(53,232)	$	(31,100)	$	15,991
Denominator:
Weighted average shares outstanding – basic and diluted	87,735		87,388		84,544





Earnings per common share, basic:
Continuing operations	$	(0.61)	$	(0.36)	$	(0.63)
Discontinued operations	—		—		0.82
Basic net (loss) income per common share (1)	$	(0.61)	$	(0.36)	$	0.19
Earnings per common share, diluted:
Continuing operations	$	(0.61)	$	(0.36)	$	(0.63)
Discontinued operations	—		—		0.82
Diluted net (loss) income per common share (1)	$	(0.61)	$	(0.36)	$	0.19

Dividends declared per common share	$	0.72	$	0.68	$	0.94

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