Three Months Ended June 30,

Six Months Ended June 30,

(in thousands, except per share amounts)

2021

2020

2021

2020

Numerator (basic and diluted)

Net income (loss) allocated to common shareholders for basic calculation

$

54,461

$

3,405

$

(11,734

)

$

(61,965

)

Denominator

Weighted average common shares outstanding, basic

45,798

45,620

45,748

45,570

Dilutive effect of RSUs (1)

454

661

—

Dilutive effect of 2.75% Convertible Notes (2)

1,546

—

Weighted average common shares outstanding, diluted

47,798

46,281

45,748

45,570

Net income (loss) per share, basic

$

1.19

$

0.07

$

(0.26

)

$

(1.36

)

Net income (loss) per share, diluted

$

1.14

$

0.07

$

(0.26

)

$

(1.36

)