EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Computation of Basic and Diluted Earnings Per Share

The following table illustrates the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator
Net (loss) income	$	(15,101)	$	(50,064)	$	(3,400)	$	7,343
Denominator
Basic weighted average common shares and common equivalents	231,224,692		230,982,227		231,197,375		230,936,032
Dilutive restricted stock units	—		—		—		843,718

Diluted weighted average common shares	231,224,692		230,982,227		231,197,375		231,779,750
Net (loss) income, per:
Basic common share	$	(0.07)	$	(0.22)	$	(0.01)	$	0.03
Diluted common share	$	(0.07)	$	(0.22)	$	(0.01)	$	0.03