Income Per Common Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Income Per Common Share

2. Income Per Common Share

	Three Months Ended
	March 31,
	2023		2022
	(In Thousands, Except Per Share Amounts)
Numerator:
Net income	$	15,901	$	58,766
Numerator for basic and diluted net income   per common share	$	15,901	$	58,766
Denominator:
Denominator for basic net income per common    share - adjusted weighted-average shares (1)		75,807		88,421
Effect of dilutive securities:
Unvested restricted stock and stock units		504		1,345
Dilutive potential common shares		504		1,345
Denominator for diluted net income per    common share - adjusted weighted-average    shares		76,311		89,766
Basic net income per common share	$	0.21	$	0.66
Diluted net income per common share	$	0.21	$	0.65

(1)Excludes the weighted-average shares of unvested restricted stock that are contingently issuable.

The following weighted-average shares of securities were not included in the computation of diluted net income per common share as their effect would have been antidilutive:

	Three Months Ended
	March 31,
	2023		2022
Restricted stock and stock units		395,301		—
Stock options		13,000		13,000
		408,301		13,000