Three Months Ended

March 31,

2023

2022

(In thousands, except per share amounts)

BASIC EPS:

Net income (loss) (numerator):

Income (loss), net of tax

$

61,060

$

(174,668)

Less: net (income) loss attributable to noncontrolling interest

(11,836)

(9,828)

Less: accrued distribution on redeemable noncontrolling interest in subsidiary

(7,354)

(2,545)

Less: distributed and undistributed earnings allocated to unvested shareholders

(1,702)

—

Numerator for basic earnings per share:

Adjusted income (loss), net of tax - basic

$

40,168

$

(187,041)

Weighted-average number of shares outstanding - basic

9,160

8,311

Earnings (losses) per share:

Total Basic

$

4.39

$

(22.51)

DILUTED EPS:

Adjusted income (loss) from continuing operations, net of tax - basic

$

40,168

$

(187,041)

Add: after tax interest expense of convertible notes

424

—

Add: effect of reallocating undistributed earnings of unvested shareholders

9

—

Adjusted income (loss), net of tax - diluted

$

40,601

$

(187,041)

Weighted-average number of shares outstanding - basic

9,160

8,311

Add: if converted dilutive effect of convertible notes

659

—

Add: dilutive effect of potential common shares

48

—

Weighted-average number of shares outstanding - diluted

9,867

8,311

Earnings (losses) per share:

Total Diluted

$

4.11

$

(22.51)