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EARNINGS (LOSS) PER COMMON SHARE
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
The following tables set forth the computation of the Company's basic and diluted earnings (loss) per common share:
(in thousands except per share amounts)Years Ended December 31,
202120202019
Numerator:
Net income (loss) $1,389 $71,059 (33,589)
Less: Dividends and accretion attributable to redeemable senior preferred stockholders(18,009)— — 
Less: Non-controlling interest preferred unit redemptions(8,021)— — 
Less: Earnings attributable to non-controlling interests— (45,398)— 
Net (loss) income attributable to common stockholders$(24,641)$25,661 $(33,589)
Denominator:
Basic:
Weighted-average common shares outstanding(1)
71,902 67,158 67,086 
Basic (loss) earnings per common share$(0.34)$0.38 $(0.50)
Diluted:
Weighted-average common shares outstanding(1)
71,902 67,158 67,086 
Effect of potentially dilutive common stock equivalents— 105 — 
Diluted weighted-average common shares outstanding71,902 67,263 67,086 
Diluted (loss) earnings per common share$(0.34)$0.38 $(0.50)
(1)The weighted-average common shares outstanding includes 1,803,841 warrants issued in the second quarter of 2021 (refer to Note 12, Redeemable Senior Preferred Stock and Warrants).
Potentially anti-dilutive securities that were excluded from (loss) earnings per common share that could potentially be dilutive in future periods are as follows:
Common Stock Equivalents at December 31,
(in thousands)202120202019
Outstanding warrants on common stock(1)
3,556 3,556 3,556 
Outstanding options and warrants issued to adviser(2)
600 600 600 
Restricted stock awards(3)
442 280 125 
Liability-classified restricted stock units129 107 — 
Outstanding stock option awards(3)
1,313 1,506 1,711 
Total6,040 6,049 5,992 
(1)The warrants are exercisable at $11.50 per share and expire on August 24, 2023. Refer to Note 16. Stockholders' Deficit.
(2)The warrants and options are exercisable at $12.00 per share and expire on August 24, 2023. Refer Note 16. Stockholders' Deficit.
(3)Granted under the 2018 Equity Incentive Plan.