EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2023

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