Earnings (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings (Loss) per Share

Schedule of calculation of earnings (loss) per share

The following sets forth the calculation of earnings (loss) per share, or EPS, for the periods indicated (in thousands, except per share amounts):

	For the Three Months Ended
	March 31,
	2024		2023
Net income (loss)	$	(9,396)	$	352,759
Less: Net income allocated to participating securities		—		16,386
Basic and diluted earnings available to common stockholders	$	(9,396)	$	336,373
Common shares:
Common shares outstanding — basic		39,410		38,694
Dilutive effect of potential common shares		—		—
Common shares outstanding — diluted		39,410		38,694
Net earnings (loss) per share:
Basic	$	(0.24)	$	8.69
Diluted	$	(0.24)	$	8.69