(Loss) Earnings per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(Dollars in thousands, except per share amounts)
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(22,621)	$	93,451	$	(37,841)	$	332,631
Denominator:
Weighted average common shares outstanding for basic calculation	257,090,113		256,848,575		256,987,778		259,415,295
Add: Effect of equity awards	—		4,879		—		9,590
Weighted average common shares outstanding for diluted calculation	257,090,113		256,853,454		256,987,778		259,424,885
Basic (loss) earnings per share	$	(0.09)	$	0.36	$	(0.15)	$	1.28
Diluted (loss) earnings per share	$	(0.09)	$	0.36	$	(0.15)	$	1.28