Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2024

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,
	2024		2023		2024		2023
Net income	$	18,638	$	30,013	$	14,887	$	267,903


Plus: Net income effect of convertible securities	—		—		—		—
Numerator for diluted income per common share	$	18,638	$	30,013	$	14,887	$	267,903

Basic weighted-average common stock shares outstanding	57,239		60,399		57,936		60,255
Plus: dilutive effects of common stock equivalents	806		594		466		765
Diluted weighted-average common stock shares outstanding	58,045		60,993		58,402		61,020

Basic income per common share	$	0.33	$	0.50	$	0.26	$	4.45
Diluted income per common share	$	0.32	$	0.49	$	0.25	$	4.39

Diluted income per common share excludes the following equity instruments because their effect would be anti-dilutive:
Shares of unvested restricted stock	324		321		228		254
Shares of stock options	238		108		119		54