Earnings per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:




Net (loss) income	$	(141,535)	$	4,336	$	(149,272)	$	25,157
Denominator:
Weighted-average shares used in basic EPS	175,695		173,490		175,094		173,859
Dilutive effect of common stock equivalents (1)	—		3,479		—		3,814
Weighted-average shares used in diluted EPS	175,695		176,969		175,094		177,673



Basic net (loss) earnings per share	$	(0.81)	$	0.02	$	(0.85)	$	0.14



Diluted net (loss) earnings per share	$	(0.81)	$	0.02	$	(0.85)	$	0.14

Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive:	11,426		9,602		9,833		9,602

(1) Due to the net loss for the three and six months ended June 30, 2023, an additional 3.7 million and 4.1 million, respectively, of common stock equivalents were also excluded from the calculation of diluted earnings per share.