Net Income (Loss) per Common Share

12 Months Ended

Dec. 31, 2023

Note 11 - Net Income (Loss) per Common Share

The following table presents a reconciliation of net income (loss) and the shares used in calculating weighted average basic and diluted earnings per common share for the years ended December 31, 2023, December 31, 2022 and December 31, 2021.


	For the Years Ended
	December 31, 2023		December 31, 2022		December 31, 2021
Net Income (Loss)	$	(67,923)	$	(229,930)	$	15,363
Less: Preferred dividends	(11,982)		(11,982)		(11,473)
Net Income (loss) available (related) to common stockholders	$	(79,905)	$	(241,912)	$	3,890

Weighted average common shares outstanding – basic	43,054		23,594		15,897
Add: Effect of dilutive non-vested awards, assumed vested	—		—		165
Weighted average common shares outstanding – diluted	43,054		23,594		16,062

For the years ended December 31, 2023 and December 31, 2022, 298 and 114, respectively, of potentially dilutive non-vested awards outstanding were excluded from the computation of diluted Net Loss related to common stockholders because to have included them would have been anti-dilutive for the period.

Note 12 - Comprehensive Income (Loss) per Common Share

The following table presents a reconciliation of comprehensive loss and the shares used in calculating weighted average basic and diluted comprehensive loss per common share for the years ended December 31, 2023, December 31, 2022 and December 31, 2021.


	For the Years Ended
	December 31, 2023		December 31, 2022		December 31, 2021
Comprehensive Loss	$	(56,396)	$	(348,430)	$	(56,695)
Less: Preferred dividends	(11,982)		(11,982)		(11,473)
Comprehensive Loss related to common stockholders	$	(68,378)	$	(360,412)	$	(68,168)
Comprehensive Loss per share related to common stockholders:
Basic	$	(1.59)	$	(15.28)	$	(4.29)
Diluted	$	(1.59)	$	(15.28)	$	(4.29)
Weighted average common shares outstanding:
Basic	43,054		23,594		15,897
Add: Effect of dilutive non-vested awards, assumed vested	—		—		—
Diluted	43,054		23,594		15,897

For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, 298, 114 and 165 of potentially dilutive non-vested awards outstanding were excluded from the computation of diluted Comprehensive Loss related to common stockholders because to have included them would have been anti-dilutive for the period.