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Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of elements used in calculating basic and diluted earnings per common share
The following is a summary of the elements used in calculating basic and diluted earnings per common share:
 
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
 
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
9,212

 
$
3,976

 
$
30,073

 
$
(29,926
)
Amount allocated to participating common shareholders(1)
 
(168
)
 
—

 
(390
)
 
—

Income (loss) attributable to common shareholders, before discontinued operations
 
9,044

 
3,976

 
29,683

 
(29,926
)
Loss from discontinued operations, net of income tax
 
—

 
(19,389
)
 
—

 
(22,123
)
Net income (loss) allocated to common shareholders
 
$
9,044


$
(15,413
)
 
$
29,683

 
$
(52,049
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares – basic(2)
 
84,537,385

 
83,058,123

 
83,896,804

 
83,008,888

Share options and restricted share units
 
—

 
17,033

 
—

 
—

Adjusted weighted average number of common shares – diluted
 
84,537,385

 
83,075,156

 
83,896,804

 
83,008,888

Basic and diluted earnings (loss) from continuing operations per share attributable to common shareholders
 
$
0.11

 
$
0.04

 
$
0.35

 
$
(0.36
)
Basic and diluted loss from discontinued operations per share attributable to common shareholders
 
—

 
(0.23
)
 
—

 
(0.27
)
Basic and diluted earnings (loss) per share attributable to common shareholders:
 
$
0.11

 
$
(0.19
)
 
$
0.35

 
$
(0.63
)

(1)
This represents the share in net income using the two class method of the holders of non-vested restricted shares issued to the Company's employees under the 2019 Omnibus Incentive Plan.
(2)
Please refer to "Note 13. Shareholders' Equity" and "Note 14. Share Compensation and Pension Plans" of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2019, for the terms and conditions of securities that could potentially be dilutive in the future. For the three and six months ended June 30, 2020, there were no potentially dilutive securities.