EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

The following table presents the Company’s basic earnings (loss) per share and shares outstanding (in thousands, except per share data):

	Three Months Ended March 31,
	2022		2021
Numerator:
Net income (loss)	$	30,275	$	(2,861)
Denominator:
Weighted average number of common shares outstanding	179,961		179,808
Earnings (loss) per common share:
Earnings (loss) per common share, basic	$	0.17	$	(0.02)

The following table presents the Company’s diluted earnings (loss) per share and shares outstanding (in thousands, except per share data):

	Three Months Ended March 31,
	2022		2021
Numerator:
Net income (loss)	$	30,275	$	(2,861)
Denominator:
Weighted average number of common shares outstanding	179,961		179,808
Effect of dilutive securities	1,720		—
Weighted average number of common shares outstanding, diluted	181,681		179,808
Earnings (loss) per common share:
Earnings (loss) per common share, diluted	$	0.17	$	(0.02)