Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of basic and diluted net income (loss) per common share for the periods indicated (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | Year ended December 31, | | 2023 | | 2022 | | 2021 | Numerator: | | | | | | Income (loss) from continuing operations | $ | (307,842) | | | $ | (35,236) | | | $ | 171,791 | | | | | | | | | | | | | | Less: Preferred stock dividends—declared and accumulated | — | | | 1,697 | | | 729 | | Undistributed income (loss) from continuing operations | (307,842) | | | (36,933) | | | 171,062 | | Less: Undistributed income allocated to participating securities | — | | | — | | | 16,409 | | Net income (loss) from continuing operations attributable to common stockholders | $ | (307,842) | | | $ | (36,933) | | | $ | 154,653 | | | | | | | | Income from discontinued operations | $ | — | | | $ | — | | | $ | 217,581 | | | | | | | | | | | | | | Less: Undistributed income allocated to participating securities | — | | | — | | | 20,870 | | Net income from discontinued operations attributable to common stockholders | — | | | — | | | 196,711 | | Net income (loss) attributable to common stockholders | $ | (307,842) | | | $ | (36,933) | | | $ | 351,364 | | | | | | | | Denominator: | | | | | | | | | | | | | | | | | | Weighted average shares of common shares outstanding—basic | 45,214 | | | 44,323 | | | 42,981 | | Effect of dilutive securities: | | | | | | Restricted stock awards | — | | | — | | | 351 | | Weighted average shares of common shares outstanding—diluted | 45,214 | | | 44,323 | | | 43,332 | | | | | | | | Net income (loss) from continuing operations per share of common stock: | | | | | | Basic | $ | (6.81) | | | $ | (0.83) | | | $ | 3.60 | | Diluted | $ | (6.81) | | | $ | (0.83) | | | $ | 3.57 | | Net income from discontinued operations per share of common stock: | | | | | | Basic | $ | — | | | $ | — | | | $ | 4.58 | | Diluted | $ | — | | | $ | — | | | $ | 4.54 | | Net income (loss) per share of common stock: | | | | | | Basic | $ | (6.81) | | | $ | (0.83) | | | $ | 8.18 | | Diluted | $ | (6.81) | | | $ | (0.83) | | | $ | 8.11 | |
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