Earnings (Loss) per Share

12 Months Ended

Dec. 31, 2023

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


	Year Ended December 31,
	2023		2022		2021
	(in thousands, except per-share amounts)
Numerator:
Net income (loss)	$	(447,464)	$	(554,150)	$	(472,569)
Denominator:
Weighted-average shares outstanding, basic	109,152		108,751		105,000
Effect of dilutive stock awards	—		—		—
Adjusted weighted-average shares outstanding, diluted	109,152		108,751		105,000
Earnings (loss) per share:
Basic earnings (loss) per common share	$	(4.10)	$	(5.10)	$	(4.50)
Diluted earnings (loss) per common share	$	(4.10)	$	(5.10)	$	(4.50)

Anti-dilutive common stock equivalents excluded from the diluted earnings (loss) per share calculations are not material.