Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2023

The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income	$	30,013	$	149,125	$	267,903	$	12,074


Plus: Net income effect of convertible securities	—		—		—		—
Numerator for diluted income per common share	$	30,013	$	149,125	$	267,903	$	12,074

Basic weighted-average common stock shares outstanding	60,399		59,479		60,255		59,449
Plus: dilutive effects of common stock equivalents	594		163		765		195
Diluted weighted-average common stock shares outstanding	60,993		59,642		61,020		59,644

Basic income per common share	$	0.50	$	2.51	$	4.45	$	0.20
Diluted income per common share	$	0.49	$	2.50	$	4.39	$	0.20

Diluted income (loss) per common share excludes the following equity instruments because their effect would be anti-dilutive:
Shares of unvested restricted stock	321		247		254		439
Shares of stock options	108		2,402		54		2,404