Earnings per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Basic:
Net income (loss)	$	(46,459)	$	39,254	$	(49,982)	$	141,150
Less income allocated to participating securities	—		(573)		—		(2,028)
Net income (loss) attributable to common stock	$	(46,459)	$	38,681	$	(49,982)	$	139,122
Earnings (loss) per share, basic	$	(2.58)	$	2.18	$	(2.78)	$	8.18
Weighted-average shares outstanding	18,014		17,766		17,985		17,005
Diluted:
Net income (loss)	$	(46,459)	$	39,254	$	(49,982)	$	141,150
Less income allocated to participating securities	—		(573)		—		(2,027)
Net income (loss) attributable to common stock	$	(46,459)	$	38,681	$	(49,982)	$	139,123
Earnings (loss) per share, diluted	$	(2.58)	$	2.18	$	(2.78)	$	8.18
Weighted-average shares outstanding	18,014		17,766		17,985		17,005
Dilutive effect of stock options and restricted stock	—		103		—		121
Adjusted weighted-average shares outstanding under treasury stock method	18,014		17,869		17,985		17,126
Participating securities excluded under two-class method	—		(102)		—		(111)
Adjusted weighted-average shares outstanding under two-class method	18,014		17,767		17,985		17,015