Three Months Ended

Six Months Ended

June 30,

(In thousands, except share and earnings per share data)

2022

2021

2022

2021

Basic earnings (loss) per common share Numerator:

Net (loss) income

$

(72,554

)

$

7,876

$

(79,620

)

$

6,758

Amount attributable to unvested restricted shares

-

(7

)

Amount attributable to warrants outstanding

-

(215

)

-

(208

)

Net (loss) income allocated to common shareholders

(72,554

)

7,661

(79,620

)

6,543

Denominator:

Weighted-average common shares issued and outstanding

42,460,189

38,072,712

42,238,355

35,668,124

Basic (loss) earnings per common share

$

(1.71

)

$

0.20

$

(1.89

)

$

0.18

Diluted earnings (loss) per common share Numerator:

Net (loss) income

$

(72,554

)

$

7,876

$

(79,620

)

$

6,758

Amount attributable to unvested restricted shares

-

(208

)

-

(200

)

Amount attributable to warrants

-

(7

)

Less: gain related to change in fair value of warrants

-

Diluted (loss) earnings per common share

(72,554

)

7,668

(79,620

)

6,551

Denominator:

Weighted-average common shares issued and outstanding

42,460,189

38,072,712

42,238,355

35,668,124

Dilutive potential common shares from:

Stock options

-

1,249,810

-

1,436,767

Restricted shares

-

1,067,576

-

1,134,003

Warrants

-

36,709

Diluted weighted average shares issued and outstanding

42,460,189

40,390,098

42,238,355

38,275,603

Diluted (loss) earnings per common share

$

(1.71

)

$

0.19

$

(1.89

)

$

0.17