Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings (Loss) per Share

Earnings (Loss) per Share

Basic and diluted earnings (loss) per share are calculated as follows:

	Three Months Ended March 31,
(in thousands, except share and per share data)	2023		2022
Net income (loss)	$	(102,090)	$	45,663
Net income (loss) attributable to common stockholders	$	(102,090)	$	45,663
Basic weighted-average common shares outstanding	33,979,050		32,216,641
Weighted average effect of dilutive securities:
Stock options	—		733,503
Restricted stock units	—		372,990
Diluted weighted-average common shares outstanding	33,979,050		33,323,134
Earnings (loss) per share:
Basic	$	(3.00)	$	1.42
Diluted	$	(3.00)	$	1.37

The following common share equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:

	Three Months Ended March 31,
	2023	2022
Stock options	3,261,871	2,723,777
Restricted stock units	3,953,396	1,692,599
Total anti-dilutive common share equivalents	7,215,267	4,416,376