Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2023

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands, except per-share amounts)
Numerator
Net income (loss)	$	(2,349)	$	(52,406)	$	(106,260)	$	(247,109)


Denominator
Weighted-average shares outstanding, basic	109,161		108,697		109,136		108,639
Effect of dilutive shares	—		—		—		—
Adjusted weighted-average shares outstanding, diluted	109,161		108,697		109,136		108,639
Earnings (loss) per share
Basic earnings (loss) per common share	$	(0.02)	$	(0.48)	$	(0.97)	$	(2.27)
Diluted earnings (loss) per common share	$	(0.02)	$	(0.48)	$	(0.97)	$	(2.27)

Anti-dilutive common stock equivalents excluded from the diluted loss per share calculation for any of the periods presented are not material.