Net Income per Common Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net Income per Common Share

Note 14—Net (Loss) Income per Common Share

The following summarizes the calculation of net (loss) income per common share attributable to common shareholders for the years ended December 31, 2023, 2022 and 2021:

(in thousands, except per share data)
Years Ended December 31,	2023		2022		2021
Net (loss) income	$	(41,301)	$	22,389	$	221,589
Weighted average shares outstanding - basic		75,785		74,496		72,744
Dilutive shares		—		1,721		2,742
Weighted average shares outstanding - diluted		75,785		76,217		75,486
Net (loss) income per common share:
Basic	$	(0.54)	$	0.30	$	3.05
Diluted	$	(0.54)	$	0.29	$	2.94

Share-based awards for the year ended December 31, 2023, of approximately 1.6 million shares were excluded from the calculation of net loss per diluted common share as the effect would be anti-dilutive.