Earnings (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings (Loss) per Share

Schedule of 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,
	2023		2022
Net income (loss)	$	392,750	$	57,875
Less: Net income allocated to participating securities		17,599		2,728
Basic and diluted earnings available to common stockholders	$	375,151	$	55,147
Common shares:
Common shares outstanding — basic		38,961		38,351
Dilutive effect of potential common shares		—		—
Common shares outstanding — diluted		38,961		38,351
Net earnings (loss) per share:
Basic	$	9.63	$	1.44
Diluted	$	9.63	$	1.44