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Earnings (Loss) Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | 16. Earnings (Loss) Per Share The following table illustrates the computation of basic and diluted earnings (loss) per common share for the three months ended March 31, 2023 and 2022:
|  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
|  | (In thousands of U.S. dollars, except share data) |
Basic Earnings (Loss) per Share |  |  |  |  |  |
Net income (loss) |  | $ | (21,470 | ) |  | $ | 9,528 |
Basic weighted average common stock outstanding |  |  | 43,390,832 |  |  |  | 45,603,208 |
Basic earnings (loss) per share |  | $ | (0.49 | ) |  | $ | 0.21 |
Diluted Earnings (Loss) per Share |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (21,470 | ) |  | $ | 9,528 |
Basic weighted average common stock outstanding |  |  | 43,390,832 |  |  |  | 45,603,208 |
Net effect of dilutive equity awards |  |  | — |  |  |  | 1,090,086 |
Diluted weighted average common stock outstanding |  |  | 43,390,832 |  |  |  | 46,693,294 |
Diluted earnings (loss) per share |  | $ | (0.49 | ) |  | $ | 0.20 |
Diluted earnings (loss) per share adjusts basic earnings (loss) per share for the potentially dilutive impact of stock options. As the Company has reported loss for the three months ended March 31, 2023, all potentially dilutive securities, including stock options, are antidilutive and accordingly not considered, therefore basic net loss per share equals diluted net loss per share. The following outstanding instruments were excluded from the computation of diluted earnings (loss) per share, as they have an anti-dilutive effect on the calculation:
|  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
Options |  |  | 1,116,158 |  |  |  | 130,000 |
Restricted Stock Units |  |  | 1,434,827 |  |  |  | — |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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