Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2021

Computation of Net Income Per Share, Basic and Diluted

The following table sets forth the computation of net income (loss) per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Basic:
Net income (loss)	$	39,254	$	(29,143)	$	141,150	$	(155,255)
Less income allocated to participating securities	(573)		—		(2,028)		(236)
Net income (loss) attributable to common stock	$	38,681	$	(29,143)	$	139,122	$	(155,491)
Earnings (loss) per share, basic	$	2.18	$	(1.82)	$	8.18	$	(9.75)
Weighted-average shares outstanding	17,766		16,006		17,005		15,953
Diluted:
Net income (loss)	$	39,254	$	(29,143)	$	141,150	$	(155,255)
Less income allocated to participating securities	(573)		—		(2,027)		(236)
Net income (loss) attributable to common stock	$	38,681	$	(29,143)	$	139,123	$	(155,491)
Earnings (loss) per share, diluted	$	2.18	$	(1.82)	$	8.18	$	(9.75)
Weighted-average shares outstanding	17,766		16,006		17,005		15,953
Dilutive effect of stock options and restricted stock	103		—		121		—
Adjusted weighted-average shares outstanding under treasury stock method	17,869		16,006		17,126		15,953
Participating securities excluded under two-class method	(102)		—		(111)		—
Adjusted weighted-average shares outstanding under two-class method	17,767		16,006		17,015		15,953