The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted EPS computations for the periods presented (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | | 2022 | | 2021 | | 2022 | | 2021 | | Numerator for EPS: | | | | | | | | | Net income (loss) | $ | (72,275) | | | $ | 20,183 | | | $ | (47,368) | | | $ | 68,532 | | | Less: Preferred stock dividends | (3) | | | (3) | | | (8) | | | (8) | | | Income (loss) available to common stockholders | $ | (72,278) | | | $ | 20,180 | | | $ | (47,376) | | | $ | 68,524 | | | Denominator for EPS: | | | | | | | | | Weighted average common shares outstanding | 30,604 | | | 31,247 | | | 30,858 | | | 31,232 | | | Plus: Assumed conversion of share-based compensation (1) | — | | | 65 | | | — | | | 45 | | | Assumed conversion of preferred stock | — | | | 25 | | | — | | | 25 | | | Weighted average diluted common shares outstanding | 30,604 | | | 31,337 | | | 30,858 | | | 31,302 | | | Basic earnings (loss) per common share | $ | (2.36) | | | $ | 0.65 | | | $ | (1.54) | | | $ | 2.19 | | | Diluted earnings (loss) per common share | $ | (2.36) | | | $ | 0.64 | | | $ | (1.54) | | | $ | 2.19 | |
| | | | | | | | | | (1) | | Represents the dilutive effect of unexercised stock options, unvested performance share units, unvested restricted stock units and unvested restricted stock. |
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