Income (Loss) Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Income (Loss) Per Share

Note 10 — Income (Loss) Per Share

Basic earnings per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Except when the effect would be antidilutive, diluted earnings per common share includes the impact of RSUs, PSUs and outstanding warrants. The warrants expired unexercised on February 28, 2021.

The following table presents the computation of the Company’s basic and diluted income (loss) per share were as follows (in thousands, except for the per share amounts):

	Year Ended December 31,
	2022		2021			2020
Net income (loss)	$	381,915	$	(182,952	)	$	(465,605	)
Weighted average common shares outstanding — basic		82,454		81,769			67,664
Dilutive effect of securities		1,229		—			—
Weighted average common shares outstanding — diluted		83,683		81,769			67,664
Net income (loss) per common share:
Basic	$	4.63	$	(2.24	)	$	(6.88	)
Diluted	$	4.56	$	(2.24	)	$	(6.88	)
Anti-dilutive potentially issuable securities excluded from diluted common shares		865		1,709			5,019