EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of reconciling the numerator and denominator of EPS

The table below reconciles the numerator and denominator of EPS for the nine and three months ended September 30, 2022 and

2021.

(in thousands, except per share information)

Nine Months Ended September 30,

Three Months Ended September 30,

2022

2021

2022

2021

Basic and diluted EPS per common share:

Numerator for basic and diluted EPS per share of common stock:

Net (loss) income - Basic and diluted

$

(293,380)

$

(20,196)

$

(84,514)

$

26,038

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

35,066

30,664

35,066

30,664

Unvested dividend eligible share based compensation

outstanding at the balance sheet date

-

-

-

53

Effect of weighting 

271

(9,603)

140

(5,000)

Weighted average shares-basic and diluted

35,337

21,061

35,206

25,717

Net (loss) income per common share:

Basic and diluted

$

(8.31)

$

(0.95)

$

(2.40)

$

1.00

Anti-dilutive incentive shares not included in calculation

89

53

89

-