EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of reconciling the numerator and denominator of EPS

The table below reconciles the numerator and denominator of EPS for the six and three months ended June 30, 2022 and 2021.

(in thousands, except per share information)

Six Months Ended June 30,

Three Months Ended June 30,

2022

2021

2022

2021

Basic and diluted EPS per common share:

Numerator for basic and diluted EPS per share of common stock:

Net loss - Basic and diluted

$

(208,866)

$

(46,234)

$

(60,139)

$

(16,865)

Weighted average shares of common stock:

Shares of common stock outstanding at the balance sheet date

176,251

117,500

176,251

117,500

Effect of weighting 

765

(25,044)

783

(18,011)

Weighted average shares-basic and diluted

177,016

92,456

177,034

99,489

Net loss per common share:

Basic and diluted

$

(1.18)

$

(0.50)

$

(0.34)

$

(0.17)

Anti-dilutive incentive shares not included in calculation

466

251

466

251