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(Loss) Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Calculation of our Basic and Diluted Earnings per share Calculation
The following table presents a reconciliation of the numerator and denominator of basic and diluted (loss) earnings per share for the three months ended March 31, 2023 and 2022:
Three Months
Ended March 31,
20232022
(Dollars in thousands, except per share amounts)
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income$(7,369)$124,183 
Denominator:
Weighted average common shares outstanding for basic calculation256,974,904 262,592,029 
Add: Effect of equity awards— 65,770 
Weighted average common shares outstanding for diluted calculation256,974,904 262,657,799 
Basic (loss) earnings per share$(0.03)$0.47 
Diluted (loss) earnings per share$(0.03)$0.47