Annual report pursuant to Section 13 and 15(d)

Earnings Per Common Share

v3.20.4
Earnings Per Common Share
12 Months Ended
Dec. 31, 2020
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

18.    Earnings Per Common Share



The table below sets forth the computations of basic and diluted earnings per common share (in thousands, except per share data): 







 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

For the Years Ended December 31,



 

2020

 

2019

 

2018

Basic and diluted (loss) earnings per common share

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations

 

$

(47,016)

 

 

20,651 

 

 

(5,887)

Less: Net loss attributable to noncontrolling interests from continuing operations

 

 

(4,803)

 

 

(224)

 

 

(266)

Net (loss) income from continuing operations available to shareholders

 

 

(42,213)

 

 

20,875 

 

 

(5,621)



 

 

 

 

 

 

 

 

 

Loss from discontinued operations

 

 

(74)

 

 

(7,138)

 

 

(3,580)

Net (loss) income available to shareholders

 

$

(42,287)

 

 

13,737 

 

 

(9,201)



 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of common share outstanding

 

 

19,318 

 

 

19,318 

 

 

19,318 



 

 

 

 

 

 

 

 

 

Basic and diluted (loss) earnings per common share:

 

 

 

 

 

 

 

 

 

(Loss) earnings per share from continuing operations

 

$

(2.19)

 

 

1.08 

 

 

(0.29)

(Loss) per share from discontinued operations

 

 

 —

 

 

(0.37)

 

 

(0.19)

Basic and diluted (loss) earnings per common share:

 

$

(2.19)

 

 

0.71 

 

 

(0.48)





For periods prior to the spin-off on September 30, 2020, the weighted average shares outstanding was based on the number of shares issued in connection with the spin-off, while for periods subsequent to spin-off, the weighted average shares outstanding is based on the actual weighted average number of shares outstanding.