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Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

The following table summarizes the basic and diluted earnings per share for the periods presented:


	Three Months Ended March 31,

	2023		2022
	(In thousands, except per share data)

Net income (loss) from continuing operations	$	296,999	$	(19,551)
Distributed and undistributed earnings allocated to participating securities	(682)		—
Net income (loss) from continuing operations attributable to common stockholders (basic)	296,317		(19,551)
Reallocation of distributed and undistributed earnings allocated to participating securities	8		—
Net income (loss) from continuing operations attributable to common stockholders (diluted)	$	296,325	$	(19,551)

Weighted average common shares outstanding:
Basic weighted average common shares outstanding	41,568		19,306
Dilutive effect of share-based awards	902		—
Dilutive effect of warrants	679		—
Diluted weighted average common shares outstanding	43,149		19,306

Basic earnings (loss) per share from continuing operations	$	7.13	$	(1.01)
Diluted earnings (loss) per share from continuing operations	$	6.87	$	(1.01)

Anti-dilutive weighted average common shares:
Potential common shares	4,561		2,977