Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Reconciliation of Basic and Diluted Income (Loss) Per Share Computations

The following table presents the calculation of basic and diluted income (loss) per share for the first quarters of 2021 and 2020:

	Three Months Ended March 31,
	2021		2020
	(in thousands, except per share data)
Net income (loss)	$	200,691	$	(1,956	)
Weighted-average common shares—outstanding, basic		28,831		21,566
Weighted-average common shares—outstanding, diluted		30,770		21,566
Net income (loss) per common share, basic	$	6.96	$	(0.09	)
Net income (loss) per common share, diluted	$	6.52	$	(0.09	)

Anti-dilutive Securities Excluded from Calculation of Diluted Income (Loss) Per Share

The following securities have been excluded from the calculation of diluted income (loss) per share because their effect would have been anti-dilutive:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Options		—		307
Restricted Stock Units		37		1,367