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NET (LOSS) INCOME PER COMMON SHARE | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
NET (LOSS) INCOME PER COMMON SHARE | NET (LOSS) INCOME PER COMMON SHARE Basic earnings per common share is calculated based on the weighted average number of common shares outstanding during the period, including vested shares deferred under our non-qualified deferred compensation plan. Diluted earnings per common share is determined based on the weighted average number of common shares outstanding during the period combined with the incremental average common shares that would have been outstanding assuming the conversion of all potentially dilutive common shares into common shares as of the earliest date possible. The calculation of basic and diluted net (loss) income attributable to common stockholders per common share is determined using net (loss) income attributable to common stockholders as the numerator and the number of shares included in the denominator as shown below (in thousands, except per share amounts). Due to the net loss applicable to common stockholders for the three and nine months ended September 30, 2024, 455 shares and 542 shares of potentially dilutive securities, respectively, are not included in diluted weighted average common shares outstanding for the three and nine months ended September 30, 2024, because to do so would be antidilutive for these periods.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic net (loss) income attributable to common stockholders per share: |  |  |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (330,166) |  |  | $ | 55,329 |  |  | $ | (283,041) |  |  | $ | 180,870 |
Weighted average common shares outstanding | 43,832 |  |  | 46,906 |  |  | 44,700 |  |  | 47,373 |
Basic net (loss) income attributable to common stockholders per share | $ | (7.53) |  |  | $ | 1.18 |  |  | $ | (6.33) |  |  | $ | 3.82 |
Diluted net (loss) income attributable to common stockholders per share: |  |  |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (330,166) |  |  | $ | 55,329 |  |  | $ | (283,041) |  |  | $ | 180,870 |
Weighted average common shares outstanding | 43,832 |  |  | 46,906 |  |  | 44,700 |  |  | 47,373 |
Dilutive stock options and restricted stock | — |  |  | 849 |  |  | — |  |  | 975 |
Diluted weighted average common shares outstanding | 43,832 |  |  | 47,755 |  |  | 44,700 |  |  | 48,348 |
Diluted net (loss) income attributable to common stockholders per share | $ | (7.53) |  |  | $ | 1.16 |  |  | $ | (6.33) |  |  | $ | 3.74 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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