Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.21.1
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 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 per share for the periods presented:
  Three Months Ended March 31,
  2021 2020
Net income (loss) $ (20,021) $ 163,094 
Net income (loss) attributable to Noncontrolling interest 6,449  — 
Net income (loss) attributable to common shareholders - basic (13,572) 163,094 
Reallocation of Noncontrolling interest assuming exchange of Common Units and
Series A Preferred Stock held by Noncontrolling interest (6,449) — 
Net income (loss) attributable to common shareholders - diluted $ (20,021) $ 163,094 
Weighted-average shares – basic 15,263  15,152 
Effect of dilutive securities:
Common Units and Series A Preferred Stock that are exchangeable for common shares —  — 
RSUs and PRSUs — 
Weighted-average shares – diluted 1
15,263  15,160 
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1    For the three months ended March 31, 2021, approximately 22.7 million potentially dilutive securities represented by approximately 22.5 million Common Units and 0.2 million shares of Series A Preferred Stock as well as 0.2 million of RSUs and PRSUs, respectively, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.