Three Months Ended September 30,

Nine Months Ended September 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

$

35,043

$

(91,162

)

$

23,309

$

(153,127

)

Denominator

Weighted average common shares outstanding, basic

45,821

45,654

45,773

45,598

Dilutive effect of RSUs (1)

563

—

523

—

Dilutive effect of 2.75% Convertible Notes (2)

1,522

—

1,226

—

Weighted average common shares outstanding, diluted

47,906

45,654

47,522

45,598

Net income (loss) per share, basic

$

0.76

$

(2.00

)

$

0.51

$

(3.36

)

Net income (loss) per share, diluted

$

0.73

$

(2.00

)

$

0.49

$

(3.36

)