Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

The following table presents the computation of basic and diluted income (loss) per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:

Net income (loss)	$	65,816	$	37,057	$	173,879	$	401


Denominator:
Weighted average shares outstanding – basic	138,058		69,789		136,502		68,722
Dilutive effect of share-based awards	3,242		3,378		3,242		3,378
Dilutive effect of warrants	5,692		9,535		6,810		9,185
Weighted average shares outstanding – diluted	146,992		82,702		146,554		81,285
Per share data
Basic
Net income (loss)	$	0.48	$	0.53	$	1.27	$	0.01
Diluted
Net income (loss)	$	0.45	$	0.45	$	1.19	$	—

Schedule of Antidilutive Securities Excluded from Computation of Income (Loss) Per Share

The following table displays the share-based instruments that have been excluded from diluted income (loss) per share since the effect would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Share-based awards	—	—	—	—
Warrants (1)	2,774	2,778	2,774	2,778

(1)Represents the total number of warrants outstanding which did not have a dilutive effect. In periods where the warrants are determined to be dilutive, the number of shares which will be included in the computation of diluted shares is determined using the treasury stock method, adjusted for mandatory exercise provisions under the warrant agreements if applicable.