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Earnings (loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table presents the computation of basic and diluted earnings (loss) per common share for the three and nine months ended September 30 (in thousands, except per share amounts):

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(5,798

)

 

$

14,366

 

 

$

77,220

 

 

$

96,457

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

73,229

 

 

 

70,054

 

 

 

72,547

 

 

 

69,582

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Performance and restricted stock awards

 

 

69

 

 

 

75

 

 

 

82

 

 

 

140

 

Weighted-average number of common shares outstanding-diluted

 

 

73,298

 

 

 

70,129

 

 

 

72,629

 

 

 

69,722

 

Earnings (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.08

)

 

$

0.21

 

 

$

1.06

 

 

$

1.39

 

Diluted

 

$

(0.08

)

 

$

0.20

 

 

$

1.06

 

 

$

1.38