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Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2021
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):

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Net income (loss)

 

$

(121,491

)

 

$

157,749

 

Weighted average common shares outstanding — basic

 

 

81,435

 

 

 

58,240

 

 

 

 

 

 

 

 

 

 

Dilutive effect of securities

 

 

 

 

 

332

 

Weighted average common shares outstanding — diluted

 

 

81,435

 

 

 

58,572

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

Basic

 

$

(1.49

)

 

$

2.71

 

Diluted

 

$

(1.49

)

 

$

2.69

 

Anti-dilutive potentially issuable securities excluded

   from diluted common shares

 

 

2,949

 

 

 

4,358