Earnings per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

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,
	2021			2020			2021			2020
Net loss	$	(35,023	)	$	(41,336	)	$	(54,351	)	$	(408,535	)
Less: Net income allocated to participating restricted stockholders		—			—			—			—
Basic and diluted earnings available to common stockholders	$	(35,023	)	$	(41,336	)	$	(54,351	)	$	(408,535	)
Common shares/units:
Common shares outstanding — basic		37,983			37,595			37,907			37,582
Dilutive effect of potential common shares		—			—			—			—
Common shares outstanding — diluted		37,983			37,595			37,907			37,582
Net earnings (loss) per share:
Basic	$	(0.92	)	$	(1.10	)	$	(1.43	)	$	(10.87	)
Diluted	$	(0.92	)	$	(1.10	)	$	(1.43	)	$	(10.87	)
Antidilutive warrants (1)		2,174			2,174			2,174			2,174

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