(Loss) Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(Dollars in thousands, except per share amounts)
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(7,851)	$	114,997	$	(15,220)	$	239,180
Denominator:
Weighted average common shares outstanding for basic calculation	257,003,691		258,845,588		256,935,763		260,719,446
Add: Effect of equity awards	—		—		—		14,827
Weighted average common shares outstanding for diluted calculation	257,003,691		258,845,588		256,935,763		260,734,273
Basic (loss) earnings per share	$	(0.03)	$	0.44	$	(0.06)	$	0.92
Diluted (loss) earnings per share	$	(0.03)	$	0.44	$	(0.06)	$	0.92