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Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2024
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 March 31,

 

 

2024

 

2023

 

Net income (loss)

$

(112,439

)

$

89,860

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

158,490

 

 

105,634

 

Dilutive effect of securities

 

 

 

1,316

 

Weighted average common shares outstanding — diluted

 

158,490

 

 

106,950

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

Basic

$

(0.71

)

$

0.85

 

Diluted

$

(0.71

)

$

0.84

 

Anti-dilutive potentially issuable securities excluded from diluted common shares

 

2,789

 

 

983