Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

The Company’s net income (loss) and weighted average shares outstanding for the years ended December 31, 2022, 2021 and 2020 consist of the following (dollars in thousands, except per share data):


	Year Ended December 31,
		2022		2021		2020
Net income (loss)		$	46,789	$	(104,581)	$	(375,584)
Net (income) loss attributable to noncontrolling interests:
Investment Entities		12		1,732		13,924
Operating Partnership		(1,013)		1,803		8,361
Net income (loss) attributable to BrightSpire Capital, Inc. common stockholders		$	45,788	$	(101,046)	$	(353,299)

Numerator:
Net (income) loss allocated to participating securities (non-vested shares)		$	(1,604)	$	—	$	(322)
Net income (loss) attributable to common stockholders		$	44,184	$	(101,046)	$	(353,621)

Denominator:
Weighted average shares outstanding - basic(1)		127,302		128,496		128,548
Weighted average shares outstanding - diluted(2)		129,300		128,496		128,548

Net income (loss) per common share - basic		$	0.35	$	(0.79)	$	(2.75)
Net income (loss) per common share - diluted		$	0.34	$	(0.79)	$	(2.75)

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(1)The outstanding shares used to calculate the weighted average basic shares outstanding exclude 2,308,691 and 1,482,094 of restricted stock awards as of December 31, 2022 and December 31, 2021, net of forfeitures, respectively, as those shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic income (loss) per common share.

(2)The calculation of diluted earnings per share for the year ended December 31, 2021 excludes the effect of weighted average unvested non-participating restricted shares of 1,603,486 as the effect would be antidilutive.