Earnings per share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted EPS

Basic and diluted earnings or loss per share (“EPS”) are as follows ($ in thousands, except share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator
Net (loss) income	$	(10,504)	$	(2,229)	$	52,848	$	71,043
Denominator
Denominator for basic EPS - weighted-average number of shares outstanding	145,469,906		165,979,839		151,536,334		165,873,539
Effect of dilutive securities
Unvested performance share awards	—		—		1,196,199		500,859
Unvested restricted share awards	—		—		873,748		749,844
Denominator for diluted EPS - adjusted weighted-average number of shares outstanding	145,469,906		165,979,839		153,606,281		167,124,242
EPS - Basic	$	(0.07)	$	(0.01)	$	0.35	$	0.43
EPS - Diluted	$	(0.07)	$	(0.01)	$	0.34	$	0.43