Earnings per Share (Tables)

12 Months Ended

Dec. 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:


	Year Ended December 31,
	2021		2020		2019
Net income (loss)	$	98,918	$	(310,557)	$	70,589
Net income attributable to Noncontrolling interest	(58,689)		—		—
Net income (loss) attributable to common shareholders (basic)	40,229		(310,557)		70,589
Reallocation of Noncontrolling interest net income	58,689		—		—
Net income (loss) attributable to common shareholders (diluted)	$	98,918	$	(310,557)	$	70,589

Weighted-average shares – basic	16,695		15,176		15,110
Effect of dilutive securities:
Common Units exchangeable for common shares	—		—		—
RSUs and PRSUs	470		—		16
Weighted-average shares – diluted 1	17,165		15,176		15,126

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1 For the year ended December 31, 2021, approximately 22.5 million potentially dilutive Common Units, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share. For the year ended December 31, 2020, approximately 0.1 million potentially dilutive securities, represented by RSUs and PRSUs, respectively, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.

Schedule of Changes in Ownership Interest in Consolidated Subsidiaries

The following table summarizes changes in the ownership interest in consolidated subsidiaries during the period:


	Year Ended December 31,
	2021		2020		2019
Net income (loss) attributable to common shareholders	$	40,229	$	(310,557)	$	70,589
Change in ownership of consolidated subsidiaries 1	(57,604)		N/A		N/A
Change from net income (loss) attributable to common shareholders and transfers to Noncontrolling interest	$	(17,375)	$	(310,557)	$	70,589

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1 The year ended December 31, 2021 includes an adjustment to Noncontrolling interest for the Lonestar Acquisition of $57.6 million and to Additional paid-in-capital of $57.6 million to reflect the change in ownership structure that was effective at October 5, 2021 relating to the noncontrolling interest arising from the Juniper Transactions on January 15, 2021. The adjustment had no impact on earnings. See Note 4 for further details.