Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.21.2
Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
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.