Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2024

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,
	2024		2023		2024		2023
	(in thousands, except per-share amounts)
Numerator
Net income (loss)	$	(308,243)	$	(157,552)	$	(643,805)	$	(263,812)


Denominator
Weighted-average shares outstanding, basic	109,521		109,164		109,486		109,145
Effect of dilutive shares	—		—		—		—
Adjusted weighted-average shares outstanding, diluted	109,521		109,164		109,486		109,145
Earnings (loss) per share
Basic earnings (loss) per common share	$	(2.81)	$	(1.44)	$	(5.88)	$	(2.42)
Diluted earnings (loss) per common share	$	(2.81)	$	(1.44)	$	(5.88)	$	(2.42)

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