| Schedule of the Computation of Basic and Diluted Earnings per Share |
The computations of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands, except per share data):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
| Numerator: |
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| Loss from continuing operations |
$ |
(22,330) |
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$ |
(7,043) |
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$ |
(46,344) |
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$ |
(24,714) |
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| Allocation of earnings to unvested restricted share awards |
121 |
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(151) |
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(349) |
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(453) |
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| Adjusted net loss from continuing operations |
(22,209) |
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(7,194) |
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(46,693) |
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(25,167) |
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| Income from discontinued operations |
53,649 |
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6,087 |
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69,524 |
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20,071 |
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| Allocation of earnings to unvested restricted share awards to discontinued operations |
(283) |
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— |
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— |
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— |
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| Adjusted income from discontinuing operations |
53,366 |
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6,087 |
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69,524 |
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20,071 |
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| Adjusted net income (loss) |
$ |
31,157 |
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$ |
(1,107) |
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$ |
22,831 |
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$ |
(5,096) |
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| Denominator: |
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| Weighted average shares outstanding – basic and diluted |
84,496 |
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82,186 |
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84,457 |
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82,142 |
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| Earnings per common share, basic: |
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| Continuing operations |
$ |
(0.26) |
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$ |
(0.09) |
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$ |
(0.55) |
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$ |
(0.31) |
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| Discontinued operations |
0.63 |
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0.07 |
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0.82 |
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0.24 |
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Basic net income (loss) per common share (1)
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$ |
0.37 |
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$ |
(0.01) |
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$ |
0.27 |
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$ |
(0.06) |
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| Earnings per common share, diluted: |
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| Continuing operations |
$ |
(0.26) |
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$ |
(0.09) |
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$ |
(0.55) |
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$ |
(0.31) |
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| Discontinued operations |
0.63 |
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0.07 |
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0.82 |
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0.24 |
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Diluted net income (loss) per common share (1)
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$ |
0.37 |
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$ |
(0.01) |
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$ |
0.27 |
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$ |
(0.06) |
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| Dividends declared per common share |
$ |
0.17 |
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$ |
0.30 |
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$ |
0.77 |
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$ |
0.90 |
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(1) Earnings per share may not sum due to rounding
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