Earnings Per Share

6 Months Ended

Jun. 30, 2023

Note 9: Earnings Per Share

Basic earnings per share is computed by dividing net earnings by the weighted-average number of shares of Common Stock outstanding. Diluted earnings per share includes the effects of potentially dilutive shares of Common Stock, if dilutive. Our potentially dilutive shares aggregated 29.4 million and 29.3 million for the three and six months ended June 30, 2023, respectively, and 23.5 million and 23.3 million for the three and six months ended June 30, 2022, respectively, and included warrants, contingently issuable shares, and share-based compensation, and were not included in the computation of diluted earnings per share because they would be anti-dilutive.

The following tables set forth the computation of basic and dilutive earnings per share:


	Three Months Ended June 30, 2023					Three Months Ended June 30, 2022
(in $000s, except per share data)	Net Income		Weighted Average Shares	Per Share Amount		Net Income		Weighted Average Shares	Per Share Amount
Basic earnings per share	$	11,610	246,130	$	0.05	$	13,623	247,745	$	0.05
Dilutive common share equivalents	—		825	—		—		869	—
Diluted earnings per share	$	11,610	246,955	$	0.05	$	13,623	248,614	$	0.05


	Six Months Ended June 30, 2023					Six Months Ended June 30, 2022
(in $000s, except per share data)	Net Income		Weighted Average Shares	Per Share Amount		Net Income		Weighted Average Shares	Per Share Amount
Basic earnings	$	25,410	246,090	$	0.10	$	10,350	247,403	$	0.04
Dilutive common share equivalents	—		842	—		—		836	—
Diluted earnings	$	25,410	246,932	$	0.10	$	10,350	248,239	$	0.04