(Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted earnings per share for the three and six months ended June 30, 2023, and 2022:


	Three Months Ended			Six Months Ended
	June 30,			June 30,
(in thousands, except share data)		2023		2022		2023		2022
Numerator:
Net income (loss) attributable to common stockholders		$	1,416	$	(17,356)	$	(36,038)	$	(16,345)
Dividends allocated to participating restricted stock units		$	(420)	$	—	$	(821)	$	—
Net income (loss) attributable to common stockholders - basic		$	996	$	(17,356)	$	(36,859)	$	(16,345)



Net income (loss) attributable to common stockholders - diluted		$	996	$	(17,356)	$	(36,859)	$	(16,345)
Denominator:
Weighted average common shares outstanding		51,538,309		53,419,420		51,905,872		53,561,518
Weighted average restricted stock shares		—		92,585		15,345		122,057
Basic weighted average shares outstanding		51,538,309		53,512,005		51,921,217		53,683,575

Effect of dilutive shares issued in an assumed conversion of RSUs as additional shares		80,763		—		—		—


Diluted weighted average shares outstanding		51,619,072		53,512,005		51,921,217		53,683,575
Earnings (loss) per share
Basic		$	0.03	$	(0.32)	$	(0.69)	$	(0.30)
Diluted		$	0.03	$	(0.32)	$	(0.69)	$	(0.30)