Earnings per Share

6 Months Ended

Jun. 30, 2023

Earnings per Share

Earnings per Share

Note 9. Earnings 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 Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Net income (loss)	$	9,816	$	29,220	$	362,575	$	(19,394)
Less: Net income allocated to participating securities		433		1,402		16,422		—
Basic and diluted earnings available to common stockholders	$	9,383	$	27,818	$	346,153	$	(19,394)
Common shares:
Common shares outstanding — basic		38,971		38,330		38,833		38,256
Dilutive effect of potential common shares		—		—		—		—
Common shares outstanding — diluted		38,971		38,330		38,833		38,256
Net earnings (loss) per share:
Basic	$	0.24	$	0.73	$	8.91	$	(0.51)
Diluted	$	0.24	$	0.73	$	8.91	$	(0.51)