Earnings per Share

3 Months Ended

Mar. 31, 2022

Earnings per Share [Abstract]

Earnings per Share

10. Earnings per Share

Basic earnings per share of common stock is computed by dividing net income attributable to the Company for the period, by the weighted-average number of shares of common stock outstanding during the same period. Diluted earnings per share of common stock is computed by dividing net income attributable to the Company by the weighted-average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities.

Basic and diluted earnings per share was calculated as follows (in thousands, except per share data):
	Three months ended March 31,
(in US$ thousands, except per share data)	2022		2021
Numerator:
Net income (loss)	$	269,898	$	(40,972)
Less: Net income (loss) attributable to Non-controlling interest		—		(2)
Net income (loss) attributable to Company stockholders	$	269,898	$	(40,970)
Denominator (in thousands):
Weighted-average shares of common stock outstanding		167,645		138,388
Effects of dilutive shares		88		-
Weighted average diluted shares of common stock outstanding		167,733		138,388
Earnings (Loss) Per Share (US$):
Basic		1.61		(0.30)
Dilutive		1.61		(0.30)