Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings per Common Share

Schedule of Weighted Average Number of Shares

		Three Months Ended September 30,			Nine Months Ended September 30,
		2023		2022	2023		2022
(In Thousands)
Net income attributable to common shares	$	73,691	$	181,007	$	349,152	$	860,443
Adjustment of interest expense attributable to Convertible Notes		—		346		108		4,345
Adjustment for inducement payments		—		217		—		4,914
Diluted net income attributable to common stockholders		73,691		181,570		349,260		869,702
Basic weighted average shares outstanding		18,187		18,396		18,189		16,881
Effect of dilutive securities		653		1,698		969		1,716
Convertible Notes (a)		—		814		112		2,613
Diluted weighted average shares outstanding		18,840		20,908		19,270		21,210

(a) Diluted weighted average common shares outstanding includes the dilutive effect had the Company's Convertible Notes been converted at the beginning of the year ended December 31, 2023. If converted by the holder, the Company may settle in cash, shares of the Company's common stock or a combination thereof, at the Company's election. The Capped Call Transaction is anti-dilutive and is excluded from the calculation of diluted earnings per share.