Basic earnings per common share:

Net income (loss) - basic

$

(1,696

)

$

22,051

Weighted average shares outstanding - basic

34,816

32,983

Basic earnings (loss) per common share

$

(0.05

)

$

0.67

The following table (in thousands, except per share amounts) sets forth the computation of diluted net income (loss) per share:

Three Months Ended March 31,

2024

2023

Diluted earnings per common share:

Net income (loss) - basic

$

(1,696

)

$

22,051

Add: Convertible Notes interest expense, net of tax

—

293

Net income (loss) - diluted

$

(1,696

)

$

22,344

Weighted average shares outstanding - basic

34,816

32,983

Add: Dilutive effects of if converted Convertible Notes

—

3,163

Add: Dilutive effects of Restricted Stock Units

—

594

Weighted average shares outstanding - diluted

34,816

36,740

Diluted net income (loss) per share

$

(0.05

)

$

0.61