Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The calculation of basic and diluted earnings per share (EPS) is presented below.


	Three Months Ended March 31,
		2023		2022
Numerator:




Net (loss) income		$	(7,737)	$	20,821
Denominator:
Weighted-average shares used in basic EPS		174,626		174,115
Dilutive effect of common stock equivalents (1)		—		3,919
Weighted-average shares used in diluted EPS		174,626		178,034



Basic net (loss) earnings per share		$	(0.04)	$	0.12



Diluted net (loss) earnings per share		$	(0.04)	$	0.12

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:		8,148		9,590

(1) Due to the net loss for the three months ended March 31, 2023, an additional 4.7 million of common stock equivalents were also excluded from the calculation of diluted earnings per share.