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EARNINGS (LOSS) PER SHARE | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | The Company computes basic earnings (loss) per share ("EPS") attributable to common stockholders by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is calculated by adjusting weighted average shares outstanding for the dilutive effect of potential common shares, determined using the treasury-stock method. For purposes of the diluted EPS calculation, restricted stock units and performance shares are considered to be potential common shares. The following table sets forth the computation of the Company’s basic and diluted EPS attributable to common stockholders for the fiscal periods indicated (in thousands, except share and per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net loss | $ | (30,166) |  |  | $ | (133,134) |  |  | $ | (41,096) |  |  | $ | (142,094) |
Weighted-average common shares outstanding—basic | 123,027,759 |  |  | 118,211,168 |  |  | 122,864,345 |  |  | 118,051,090 |
Effect of dilutive securities: |  |  |  |  |  |  |
Restricted stock units and performance shares | — |  |  | — |  |  | — |  |  | — |
Weighted-average common shares outstanding—diluted | 123,027,759 |  |  | 118,211,168 |  |  | 122,864,345 |  |  | 118,051,090 |
Earnings (loss) per share |  |  |  |  |  |  |
Basic and diluted | $ | (0.25) |  |  | $ | (1.13) |  |  | $ | (0.33) |  |  | $ | (1.20) |
The following table includes the number of units and shares that may be dilutive common shares in the future, and were not included in the computation of diluted earnings (loss) per share because the effect was anti-dilutive for the fiscal periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Restricted stock units and performance shares | 9,792,240 |  |  | 12,207,398 |  |  | 9,792,240 |  |  | 12,207,398 |

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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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