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Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Income (Loss) Per Share

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