Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of earnings per share, basic and diluted

A reconciliation of the numerators and denominators used for the basic and diluted net income or (loss) per share computations is as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Numerator:
Net income (loss)	$	314,969	$	(119,423)	$	(346,883)

Denominator:
Basic weighted-average common shares outstanding(1)	243,360		224,401		213,795
Dilutive effect of restricted stock awards granted to Board of Directors	136		145		199

Dilutive effect of time-based restricted stock awards	4,604		1,140		39

Dilutive effect of performance-based restricted stock awards	1,246		625		1,041
Diluted weighted-average common shares outstanding (1)	249,346		226,311		215,074

(1) As a result of the net loss incurred by the Company for the years ended December 31, 2021 and 2020, the calculation of diluted net loss per share gives no consideration to the potentially anti-dilutive securities shown in the above reconciliation, and as such is the same as basic net loss per share.