Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

9. EARNINGS PER SHARE.

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended June 30, 2023
	Income Numerator			Shares Denominator		Per-Share Amount
Net income	$	7,595
Less: Preferred stock dividends		(315	)
Less: Income allocated to participating securities		(96	)
Basic income per share:
Income available to common stockholders	$	7,184			73,394	$	0.10
Add: Dilutive instruments		—			709
Diluted income per share:
Income available to common stockholders	$	7,184			74,103	$	0.10

	Three Months Ended June 30, 2022
	Income Numerator			Shares Denominator		Per-Share Amount
Net income	$	22,115
Less: Preferred stock dividends		(315	)
Less: Income allocated to participating securities		(284	)
Basic income per share:
Income available to common stockholders	$	21,516			72,936	$	0.29
Add: Dilutive instruments		—			187
Diluted income per share:
Income available to common stockholders	$	21,516			73,123	$	0.29

	Six Months Ended June 30, 2023
	Loss Numerator			Shares Denominator		Per-Share Amount
Net loss	$	(5,571	)
Less: Preferred stock dividends		(627	)
Basic and diluted loss per share:
Loss available to common stockholders	$	(6,198	)		73,603	$	(0.08	)

	Six Months Ended June 30, 2022
	Income Numerator			Shares Denominator		Per-Share Amount
Net income	$	19,513
Less: Preferred stock dividends		(627	)
Less: Income allocated to participating securities		(251	)
Basic income per share:
Income available to common stockholders	$	18,635			71,690	$	0.26
Add: Dilutive instruments		—			268
Diluted income per share:
Income available to common stockholders	$	18,635			71,958	$	0.26

There were an additional aggregate potentially dilutive weighted-average shares of 981,000 from convertible securities outstanding for the three and six months ended June 30, 2023. There were an additional aggregate potentially dilutive weighted-average shares of 964,000 from convertible securities outstanding for the three and six months ended June 30, 2022. These securities were not considered in calculating diluted net income (loss) per share for the three and six months ended June 30, 2023 and 2022, as their effect would have been anti-dilutive.