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Earnings (Loss) per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Calculation of Weighted Average Common Shares Outstanding used in Computation of Diluted Earnings Per Share
The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings (loss) per share:
Net Earnings (Loss)Weighted Average SharesEarnings (Loss) Per Share
(In thousands, except per share amounts)
Year Ended December 31, 2022
Basic earnings per share$242,168 36,745 $6.59 
Effect of dilutive securities
Restricted stock awards (1)— 20 
Restricted share units (1)— 285 
Performance share units (1)— 20 
Stock Options (1)— 84 
Warrants — — 
Diluted earnings per share$242,168 37,154 $6.52 
Year Ended December 31, 2021
Basic earnings per share$116,738 36,393 $3.21 
Effect of dilutive securities
Restricted stock awards (1)— 58 
Restricted share units (1)— 689 
Performance share units (1)— 83 
Stock Options (1)— 48 
Warrants (2)— — 
Diluted earnings per share$116,738 37,271 $3.13 
Year Ended December 31, 2020
Basic loss per share$(277,353)35,689 $(7.77)
Effect of dilutive securities
Restricted stock awards (2)— — 
Restricted share units (2)— — 
Performance share units (2)— — 
Stock Options (2)— — 
Warrants (2)— — 
Diluted loss per share$(277,353)35,689 $(7.77)
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(1)The incremental shares of potentially dilutive restricted stock awards, restricted stock units, performance share units and stock options were included for the years ended December 31, 2022 and 2021 as their effect was dilutive under the treasury stock method.
(2)No incremental shares of potentially dilutive restricted stock awards, restricted share units, performance share units, stock options or warrants were included for the year ended December 31, 2020, as their effect was antidilutive under the treasury stock method.