Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

	Three Months Ended March 31,
(In thousands, except per share values)	2023		2022
Net (loss) income	$	(150,173)	$	35,542
Preferred stock dividends	(10)		(10)
Net (loss) income available to common equity	(150,183)		35,532
Dividends and undistributed earnings allocated to participating securities	—		(4)
Net (loss) income available to common shareholders	(150,183)		35,528
Basic weighted-average shares outstanding	39,224		39,291
Stock-based compensation awards (a)	—		232
Diluted weighted-average shares outstanding	39,224		39,523
Antidilutive shares	180		—
(Loss) earnings per share:
Basic	$	(3.83)	$	0.90
Diluted	$	(3.83)	$	0.90
(a) During periods in which the Company incurs a net loss, stock-based compensation awards are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. As such, during periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equivalent to basic weighted average shares outstanding.