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Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Income (Loss) Per Share

The following table presents the computation of the Company’s basic and diluted income (loss) per share were as follows (in thousands, except for the per share amounts):

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

2023

 

2022

 

2023

 

2022

 

Net income (loss)

$

(2,103

)

$

250,465

 

$

101,434

 

$

379,165

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

124,103

 

 

82,576

 

 

118,459

 

 

82,406

 

Dilutive effect of securities

 

 

 

1,242

 

 

803

 

 

1,032

 

Weighted average common shares outstanding — diluted

 

124,103

 

 

83,818

 

 

119,262

 

 

83,438

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

Basic

$

(0.02

)

$

3.03

 

$

0.86

 

$

4.60

 

Diluted

$

(0.02

)

$

2.99

 

$

0.85

 

$

4.54

 

Anti-dilutive potentially issuable securities excluded from diluted common shares

 

1,851

 

 

120

 

 

1,491

 

 

1,149