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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table shows the computation of basic and diluted earnings per share for the three-months ended March 31, 2020 and 2019 (in thousands):

 
 
Three Months Ended March 31,
 
 
 
2020
  
2019
 
Numerator:
      
Net income (loss)
 
$
299,945
  
$
(5,608
)
 
        
Denominator:
        
Weighted-average basic shares outstanding
  
70,365
   
67,596
 
Effect of dilutive securities
  
1,019
   
 
Weighted-average diluted shares
  
71,384
   
67,596
 
 
        
Basic earnings per share
 
$
4.26
  
$
(0.08
)
Diluted earnings per share
 
$
4.20
  
$
(0.08
)