Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

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


	Three Months Ended March 31,
	2024		2023
Net income (loss)	$	(3,751)	$	237,890


Plus: Net income effect of convertible securities	—		—
Numerator for diluted income (loss) per common share	$	(3,751)	$	237,890

Basic weighted-average common stock shares outstanding	58,992		60,111
Plus: dilutive effects of common stock equivalents (1)	—		936
Diluted weighted-average common stock shares outstanding	58,992		61,047

Basic income (loss) per common share	$	(0.06)	$	3.96
Diluted income (loss) per common share	$	(0.06)	$	3.90

Diluted income (loss) per common share excludes the following equity instruments because their effect would be anti-dilutive:
Shares of unvested restricted stock	874		187
Shares of stock options	1,315		—

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(1)Entities with a net loss from continuing operations are prohibited from including potential common shares in the computation of diluted per share amounts. We have utilized the basic shares outstanding to calculate both basic and diluted Net Loss per common share for the three months ended March 31, 2024.