Income (Loss) per Share

3 Months Ended

Mar. 31, 2023

The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share amounts):


	Three Months Ended March 31,
	2023		2022
Net income (loss)	$	237,890	$	(137,051)


Plus: Net income effect of convertible securities	—		—
Numerator for diluted income (loss) per common share	$	237,890	$	(137,051)

Basic weighted-average common stock shares outstanding	60,111		59,413
Plus: dilutive effects of common stock equivalents (1)	936		—
Diluted weighted-average common stock shares outstanding	61,047		59,413

Basic income (loss) per common share	$	3.96	$	(2.31)
Diluted income (loss) per common share	$	3.90	$	(2.31)

Diluted income (loss) per common share excludes the following equity instruments because their effect would be anti-dilutive:
Shares of unvested restricted stock	187		942
Shares of stock options	—		2,405

_________________________________________________________(1)Entities with a net loss from continuing operations are prohibited from including potential common shares in the computation of diluted per share amounts. We have utilized the basic shares outstanding to calculate both basic and diluted Net Loss per common share for the three months ended March 31, 2022