Basic and Diluted (Loss) Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Basic and Diluted (Loss) Per Share

Basic and Diluted Earnings (Loss) Per Share

The computation of earnings (loss) per share for the three and six months ended June 30, 2023 and 2022 is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share amounts)	2023		2022		2023		2022
Numerator:
Net income (loss)	$	58,786	$	(1,415)	$	55,496	$	10,878
Denominator:
Weighted average shares - basic	412,221		412,135		412,322		413,405
Dilutive impact of stock options, restricted stock awards and restricted stock units	2,114		—		2,051		9,672
Weighted average shares - diluted	414,335		412,135		414,373		423,077
Earnings (loss) per share:
Basic	$	0.14	$	(0.00)	$	0.13	$	0.03
Diluted	$	0.14	$	(0.00)	$	0.13	$	0.03

The following weighted average potentially dilutive shares are excluded from the computation of diluted earnings (loss) per share for the periods presented because including them would have been antidilutive:

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2023	2022	2023	2022
Stock options, restricted stock awards and restricted stock units	29,430	27,057	30,470	6,742