Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings per Share

Calculation of Earnings (Loss) per Share

The following sets forth the calculation of earnings (loss) per share, or EPS, for the periods indicated (in thousands, except per share amounts):

	For the Year Ended
	December 31,
	2021		2020
Net loss	$	(32,070)	$	(464,030)
Less: Net income allocated to participating restricted stockholders		—		—
Basic and diluted earnings available to common stockholders	$	(32,070)	$	(464,030)
Common shares:
Common shares outstanding — basic		37,959		37,612
Dilutive effect of potential common shares		—		—
Common shares outstanding — diluted		37,959		37,612
Net earnings (loss) per share:
Basic	$	(0.84)	$	(12.34)
Diluted	$	(0.84)	$	(12.34)
Antidilutive warrants (1)		2,174		2,174

(1) Amount represents warrants to purchase common stock that are excluded from the diluted net earnings per share calculations because of their antidilutive effect.