EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2022

The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computation for the six months ended June 30, 2022 and 2021:


	Three Months Ended
	June 30, 2022		June 30, 2021
Net income (loss)	$	(136,379)	$	6,713
Weighted average shares outstanding, basic	60,756		59,061
Effect of dilution	—		1,162
Adjusted weighted average shares outstanding, dilutive	60,756		60,223
Basic earnings (loss) per share	$	(2.24)	$	0.11
Dilutive earnings (loss) per share	$	(2.24)	$	0.11


	Six Months Ended
	June 30, 2022		June 30, 2021
Net income (loss)	$	(141,556)	$	12,860
Weighted average shares outstanding, basic	60,742		58,588
Effect of dilution	—		1,206
Adjusted weighted average shares outstanding, dilutive	60,742		59,794
Basic earnings (loss) per share	$	(2.33)	$	0.22
Dilutive earnings (loss) per share	$	(2.33)	$	0.22

The following potentially outstanding restricted stock and stock options were excluded from the computation of diluted earnings per share because the effect would have been antidilutive:


	Three Months Ended
	June 30, 2022	June 30, 2021
Restricted stock	511	—
Stock options	202	—
Total	713	—


	Six Months Ended
	June 30, 2022	June 30, 2021
Restricted stock	511	—
Stock options	320	—
Total	831	—