Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2021

Components of Calculation of Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the components used in the calculation of basic and diluted earnings per share for the periods presented:


	Three Months Ended March 31,
		2021		2020
Net income (loss)		$	(20,021)	$	163,094
Net income (loss) attributable to Noncontrolling interest		6,449		—
Net income (loss) attributable to common shareholders - basic		(13,572)		163,094
Reallocation of Noncontrolling interest assuming exchange of Common Units and
Series A Preferred Stock held by Noncontrolling interest		(6,449)		—
Net income (loss) attributable to common shareholders - diluted		$	(20,021)	$	163,094

Weighted-average shares – basic		15,263		15,152
Effect of dilutive securities:
Common Units and Series A Preferred Stock that are exchangeable for common shares		—		—
RSUs and PRSUs		—		8
Weighted-average shares – diluted 1		15,263		15,160

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1 For the three months ended March 31, 2021, approximately 22.7 million potentially dilutive securities represented by approximately 22.5 million Common Units and 0.2 million shares of Series A Preferred Stock as well as 0.2 million of RSUs and PRSUs, respectively, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.