Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

Earnings per Share (Tables)

9 Months Ended

Sep. 30, 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 (loss) per share for the periods presented:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income (loss)	$	43,063	$	(243,413)	$	30,638	$	(175,034)
Net income attributable to Noncontrolling interest	(25,676)		—		(23,778)		—
Net income (loss) attributable to common shareholders (basic)	17,387		(243,413)		6,860		(175,034)
Reallocation of Noncontrolling interest net income	25,676		—		23,778		—
Net income (loss) attributable to common shareholders (diluted)	$	43,063	$	(243,413)	$	30,638	$	(175,034)

Weighted-average shares – basic	15,319		15,183		15,298		15,168
Effect of dilutive securities:
Common Units and Series A Preferred Stock that are exchangeable for common shares	—		—		—		—
RSUs and PRSUs	394		—		371		—
Weighted-average shares – diluted 1	15,713		15,183		15,669		15,168

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1 For the three and nine months ended September 30, 2021, approximately 22.5 million potentially dilutive securities represented by approximately 22.5 million Common Units (and the associated approximately 0.2 million shares of Series A Preferred Stock), had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share. For the three and nine months ended September 30, 2020, approximately 0.2 million and 0.1 million potentially dilutive securities, represented by RSUs and PRSUs, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.