Earnings Per Share

3 Months Ended

Mar. 31, 2024

The following table reconciles basic and diluted earnings per common share for the three months ended March 31, 2024 and 2023:


	For the Three Months Ended
			March 31, 2024		March 31, 2023
		(In thousands, except per share amounts)
Basic:
Net loss			$	(28,281)	$	(106,471)
Weighted-average number of common shares			346,888		354,942
Basic net loss per common share			$	(0.08)	$	(0.30)

Diluted:
Net loss			$	(28,281)	$	(106,471)
Weighted-average number of common shares			346,888		354,942
Dilutive share-based awards (a)			—		—
Weighted-average number of common and potential common shares			346,888		354,942
Diluted net loss per common share			$	(0.08)	$	(0.30)

(a)For the three months ended March 31, 2024 and March 31, 2023, share-based awards totaling 10.4 million and 14.2 million, respectively, were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.