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Earnings per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings per Share | arnings per Share Basic (loss) earnings per share is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted (loss) earnings per share assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based compensation awards that contain nonforfeitable rights to dividends.
|  |  |  | Three Months Ended March 31,
(In thousands, except per share values) |  |  |  |  |  | 2023 |  | 2022
Net (loss) income |  |  |  |  |  | $ | (150,173) |  |  | $ | 35,542 |
Preferred stock dividends |  |  |  |  |  | (10) |  |  | (10) |
Net (loss) income available to common equity |  |  |  |  |  | (150,183) |  |  | 35,532 |
Dividends and undistributed earnings allocated to participating securities |  |  |  |  |  | — |  |  | (4) |
Net (loss) income available to common shareholders |  |  |  |  |  | (150,183) |  |  | 35,528 |
Basic weighted-average shares outstanding |  |  |  |  |  | 39,224 |  |  | 39,291 |
Stock-based compensation awards (a) |  |  |  |  |  | — |  |  | 232 |
Diluted weighted-average shares outstanding |  |  |  |  |  | 39,224 |  |  | 39,523 |
Antidilutive shares |  |  |  |  |  | 180 |  |  | — |
(Loss) earnings per share: |  |  |  |  |  |  |  |
Basic |  |  |  |  |  | $ | (3.83) |  |  | $ | 0.90 |
Diluted |  |  |  |  |  | $ | (3.83) |  |  | $ | 0.90 |
(a) During periods in which the Company incurs a net loss, stock-based compensation awards are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. As such, during periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equivalent to basic weighted average shares outstanding.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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