Earnings (Loss) per Share

9 Months Ended

Sep. 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 Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Net income (loss)	$	22,652	$	(13,403)	$	20,375	$	349,172
Less: Net income allocated to participating securities		1,083		—		983		15,771
Basic and diluted earnings available to common stockholders	$	21,569	$	(13,403)	$	19,392	$	333,401
Common shares:
Common shares outstanding — basic		39,783		39,063		39,608		38,911
Dilutive effect of potential common shares		—		—		—		—
Common shares outstanding — diluted		39,783		39,063		39,608		38,911
Net earnings (loss) per share:
Basic	$	0.54	$	(0.34)	$	0.49	$	8.57
Diluted	$	0.54	$	(0.34)	$	0.49	$	8.57