Income (Loss) Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Income (Loss) Per Share

Note 4 — Income (Loss) Per Share

The following table presents the computation of basic and diluted earnings per share:

	Year Ended		Year Ended		Year Ended
	December 31, 2024		December 31, 2023		December 31, 2022
Numerator:
Net income (loss)	$	448,353	$	481,902	$	168,948
Denominator:
Weighted average shares outstanding — basic	148,733		138,380		85,055
Dilutive effect of share-based awards	1,512		3,158		3,334
Dilutive effect of warrants	1,394		3,659		8,489
Dilutive effect of compulsory purchase (1)	—		—		729
Weighted average shares outstanding — diluted	151,639		145,197		97,607
Per share data:
Basic
Net income (loss)	$	3.01	$	3.48	$	1.99
Diluted
Net income (loss)	$	2.96	$	3.32	$	1.73

(1)    Represents the dilutive effect on outstanding shares between when the Compulsory Purchase interest was recorded on the Closing Date and when it was derecognized in mid-November 2022.

Only those items having a dilutive impact on our basic income per share are included in diluted income per share. The following table displays the share-based instruments that have been excluded from diluted income per share since the effect would have been anti-dilutive:

	Year Ended	Year Ended	Year Ended
	December 31, 2024	December 31, 2023	December 31, 2022
Warrants (1)	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.