Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic:
Net income (loss)	$	4,358	$	95,027	$	(3,523)	$	101,896
Less income allocated to participating securities	(39)		(1,285)		—		(1,451)
Net income (loss) attributable to common stock	$	4,319	$	93,742	$	(3,523)	$	100,445
Earnings (loss) per share, basic	$	0.24	$	5.49	$	(0.20)	$	6.04
Weighted-average shares outstanding	17,987		17,064		17,970		16,618
Diluted:
Net income (loss)	$	4,358	$	95,027	$	(3,523)	$	101,896
Less income allocated to participating securities	(39)		(1,284)		—		(1,449)
Net income (loss) attributable to common stock	$	4,319	$	93,743	$	(3,523)	$	100,447
Earnings (loss) per share, diluted	$	0.24	$	5.49	$	(0.20)	$	6.04
Weighted-average shares outstanding	17,987		17,064		17,970		16,618
Dilutive effect of stock options and restricted stock	31		123		—		128
Adjusted weighted-average shares outstanding under treasury stock method	18,018		17,187		17,970		16,746
Participating securities excluded under two-class method	(12)		(114)		—		(114)
Adjusted weighted-average shares outstanding under two-class method	18,006		17,073		17,970		16,632