Earnings (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2021

Calculation of Weighted Average Common Shares Outstanding used in Computation of Diluted Earnings Per Share

The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings (loss) per share:


	Net Earnings (Loss)		Weighted Average Shares	Earnings (Loss) Per Share
	(In thousands, except per share amounts)
Year Ended December 31, 2021
Basic earnings per share	$	116,738	36,393	$	3.21
Effect of dilutive securities
Restricted stock awards (1)	—		58
Restricted share units (1)	—		689
Performance share units (1)	—		83
Stock Options (1)	—		48
Warrants	—		—
Diluted earnings per share	$	116,738	37,271	$	3.13
Year Ended December 31, 2020
Basic loss per share	$	(277,353)	35,689	$	(7.77)
Effect of dilutive securities
Restricted stock awards (2)	—		—
Restricted share units (2)	—		—
Performance share units (2)	—		—
Stock Options (2)	—		—
Warrants (2)	—		—
Diluted loss per share	$	(277,353)	35,689	$	(7.77)
Year Ended December 31, 2019
Basic loss per share	$	(449,305)	35,427	$	(12.68)
Effect of dilutive securities
Restricted stock awards (2)	—		—
Restricted share units (2)	—		—
Performance share units (2)	—		—
Stock Options (2)	—		—
Warrants (2)	—		—
Diluted loss per share	$	(449,305)	35,427	$	(12.68)

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(1)The incremental shares of potentially dilutive restricted stock awards, restricted stock units, performance share units and stock options were included for the year ended December 31, 2021 as their effect was dilutive under the treasury stock method.

(2)No incremental shares of potentially dilutive restricted stock awards, restricted share units, performance share units, stock options or warrants were included for the years ended December 31, 2020 and 2019, as their effect was antidilutive under the treasury stock method.