Earnings per Share

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings per Share

Note 11. 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 Year Ended
	December 31,
	2020			2019
Net income (loss)	$	(464,030	)	$	(35,197	)
Less: Net income (loss) allocated to participating restricted stockholders		—			—
Basic and diluted earnings available to common stockholders	$	(464,030	)	$	(35,197	)
Common shares:
Common shares outstanding — basic		37,612			29,301
Dilutive effect of potential common shares		—			—
Common shares outstanding — diluted		37,612			29,301
Net earnings (loss) per share:
Basic	$	(12.34	)	$	(1.20	)
Diluted	$	(12.34	)	$	(1.20	)
Antidilutive warrants (1)		2,174			9,154

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