Earnings (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Loss Per Common Share

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

 

	Three Months Ended March 31,
	2023		2022
	(in thousands, except per-share amounts)
Numerator
Net income (loss)	$	(103,911)	$	(194,703)
Denominator
Weighted-average shares outstanding, basic	109,110		108,581
Effect of dilutive shares	—		—
Adjusted weighted-average shares outstanding, diluted	109,110		108,581
Earnings (loss) per share
Basic earnings (loss) per common share	$	(0.95)	$	(1.79)
Diluted earnings (loss) per common share	$	(0.95)	$	(1.79)