Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2024

Earnings (Loss) per Share

Earnings (Loss) per Share

Note 9. 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 Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Net income (loss)	$	7,119	$	9,816	$	(2,277)	$	362,575
Less: Net income allocated to participating securities		346		433		—		16,422
Basic and diluted earnings available to common stockholders	$	6,773	$	9,383	$	(2,277)	$	346,153
Common shares:
Common shares outstanding — basic		39,629		38,971		39,519		38,833
Dilutive effect of potential common shares		—		—		—		—
Common shares outstanding — diluted		39,629		38,971		39,519		38,833
Net earnings (loss) per share:
Basic	$	0.17	$	0.24	$	(0.06)	$	8.91
Diluted	$	0.17	$	0.24	$	(0.06)	$	8.91