Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Note 13 — Earnings Per Share

The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying consolidated statements of operations are as follows (in thousands):

	Year Ended December 31,
	2021			2020			2019
	Income		Shares	Income		Shares	Income		Shares
Basic:
Net income (loss) attributable to common shareholders	$	(61,538)		$	22,174		$	57,919
Less: Undistributed earnings allocated to participating securities		—			(140)			(487)
Less: Accretion of redeemable noncontrolling interests		(241)			(2,400)			(143)
Net income (loss) available to common shareholders, basic	$	(61,779)	150,056	$	19,634	148,993	$	57,289	147,536
Diluted:
Net income (loss) available to common shareholders, basic	$	(61,779)	150,056	$	19,634	148,993	$	57,289	147,536
Effect of dilutive securities:
Share-based awards other than participating securities		—	—		—	904		—	2,041
Undistributed earnings reallocated to participating securities		—	—		1	—		6	—
Net income (loss) available to common shareholders, diluted	$	(61,779)	150,056	$	19,635	149,897	$	57,295	149,577

We had a net loss for the year ended December 31, 2021. Accordingly, our diluted EPS calculation for these periods excluded any assumed exercise or conversion of common stock equivalents. These common stock equivalents were excluded because they were deemed to be anti-dilutive, meaning their inclusion would have reduced the reported net loss per share in the applicable periods. Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands):

	Year Ended December 31,
	2021
Diluted shares (as reported)	150,056
Share-based awards	1,282
Total	151,338

The following potentially dilutive shares related to the 2022 Notes, the 2023 Notes and the 2026 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):

	Year Ended December 31,
	2021	2020	2019
2022 Notes	2,519	6,537	8,997
2023 Notes	3,168	9,391	13,202
2026 Notes	28,676	10,891	—