Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

The Company calculated net income or loss per share using the treasury stock method. The table below sets forth the computation of basic and diluted net income (loss) per share for the periods presented below:

	Three Months Ended March 31,
	2023		2022
	(In thousands, except per share)
Net income (loss)	$	31,851	$	(7,168)
Basic weighted-average common shares outstanding	19,649		19,501
Restricted shares	261		—
Diluted weighted average common shares outstanding	19,910		19,501
Basic net income (loss) per common share	$	1.62	$	(0.37)
Diluted net income (loss) per share	$	1.60	$	(0.37)

The following shares were excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect for the periods presented:

	Three Months Ended March 31,
	2023	2022
Restricted shares	246,358	332,725