Net (Loss) Income per Common Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net (Loss) Income per Common Share

Net (Loss) Income per Common Share

The following summarizes the calculation of net (loss) income per common share attributable to common shareholders for the three months ended March 31, 2023 and 2022:

	Three Months Ended  March 31,
(in thousands, except per share data)	2023		2022
Net (loss) income	$	(24,418)	$	39,279
Weighted average shares outstanding - basic	75,177		73,643
Dilutive shares	—		2,376
Weighted average shares outstanding - diluted	75,177		76,019
Net (loss) income per common share:
Basic	$	(0.32)	$	0.53
Diluted	$	(0.32)	$	0.52

Share-based awards for the three months ended March 31, 2023 of approximately 1.7 million shares were excluded from the calculation of net loss per diluted common share as the effect would be anti-dilutive.