Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings (Loss) per Share

Earnings (Loss) per Share

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

 

	Three Months Ended March 31,
	2024		2023
	(in thousands, except per-share amounts)
Numerator
Net income (loss)	$	(142,635)	$	(103,911)
Denominator
Weighted-average shares outstanding, basic	109,430		109,110
Effect of dilutive shares	—		—
Adjusted weighted-average shares outstanding, diluted	109,430		109,110
Earnings (loss) per share
Basic earnings (loss) per common share	$	(1.30)	$	(0.95)
Diluted earnings (loss) per common share	$	(1.30)	$	(0.95)

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