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Net Income (Loss) per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Net Income per Share
Basic and diluted net income (loss) per share was calculated as follows (in thousands, except per share data):
 For the three months ended
June 30,
For the six months ended
June 30,
2022202120222021
Numerator:
Net income (loss)$296,992 $(4,681)$443,241 $(26,036)
Denominator:
Weighted-average shares used to compute net income (loss) per share—basic51,646 51,449 51,591 51,362 
Dilutive restrictive stock awards(1)
94 — 87 — 
Weighted-average shares used to compute net income (loss) per share—diluted51,740 51,449 51,678 51,362 
Net income (loss) per share—basic $5.75 $(0.09)$8.59 $(0.51)
Net income (loss) per share—diluted$5.74 $(0.09)$8.58 $(0.51)
(1) In periods of net loss, the number of shares used to calculate diluted earnings per share is the same as basic earnings per share. Therefore, the effect of dilutive securities is zero for such periods.