EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

The following table illustrates the computation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022 (in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2023		2022
Numerator
Net (loss) income	$	(9,487)	$	40,602
Denominator
Basic weighted average common shares and common equivalents	231,164,876		230,859,993
Dilutive restricted stock units	—		704,977
Diluted weighted average common shares	231,164,876		231,564,970
Net (loss) income, per:
Basic common share	$	(0.04)	$	0.18
Diluted common share	$	(0.04)	$	0.18

During the three months ended March 31, 2023 and 2022, approximately 0.7 million and 13,100 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive.