Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:

Net income (loss)	$	158,323	$	33,585	$	332,202	$	33,986


Denominator:
Weighted average shares outstanding – basic	139,400		70,318		137,478		69,260
Dilutive effect of share-based awards	3,204		3,388		3,204		3,388
Dilutive effect of warrants	3,117		8,220		4,339		8,718
Weighted average shares outstanding – diluted	145,721		81,926		145,021		81,366
Per share data
Basic
Net income (loss)	$	1.14	$	0.48	$	2.42	$	0.49
Diluted
Net income (loss)	$	1.09	$	0.41	$	2.29	$	0.42

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 September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Share-based awards	—	—	—	—
Warrants (1)	2,774	2,774	2,774	2,774

(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.