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Earnings (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted (Loss) Earnings Per Share The computations of the Company’s basic and diluted earnings (loss) per share is as follows (in thousands, except per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Net income (loss)

 

$

7,719

 

 

$

(817,120

)

 

$

(445,324

)

Basic weighted-average common shares outstanding

 

 

68,727

 

 

 

67,241

 

 

 

66,995

 

Effect of dilutive stock-based compensation awards (1)

 

 

2,610

 

 

 

—

 

 

 

—

 

Diluted weighted-average common shares outstanding

 

 

71,337

 

 

 

67,241

 

 

 

66,995

 

Earnings (loss) per share, basic

 

$

0.11

 

 

$

(12.15

)

 

$

(6.65

)

Earnings (loss) per share, diluted

 

 

0.11

 

 

 

(12.15

)

 

 

(6.65

)

 

 

(1)
There were 1,304, 2,727 and 809 potential common shares excluded from diluted weighted-average common shares outstanding for the years ended December 31, 2021, 2020 and 2019 respectively, as their inclusion would have had an anti-dilutive effect.