Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2023

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands, except per-share amounts)
Numerator
Net income (loss)	$	(157,552)	$	(36,377)	$	(263,812)	$	(283,486)


Denominator
Weighted-average shares outstanding, basic	109,164		108,853		109,145		108,711
Effect of dilutive shares	—		—		—		—
Adjusted weighted-average shares outstanding, diluted	109,164		108,853		109,145		108,711
Earnings (loss) per share
Basic earnings (loss) per common share	$	(1.44)	$	(0.33)	$	(2.42)	$	(2.61)
Diluted earnings (loss) per common share	$	(1.44)	$	(0.33)	$	(2.42)	$	(2.61)

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