Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of computations of basic and diluted EPS

The computations of the numerator (earnings or loss) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands):

	Three Months Ended			Three Months Ended
	June 30, 2023			June 30, 2022
	Income		Shares	Income		Shares
Basic:
Net income (loss)	$	7,100		$	(29,699)
Less: Undistributed earnings allocated to participating securities		(12)			—
Net income (loss) available to common shareholders, basic	$	7,088	150,791	$	(29,699)	151,205
Diluted:
Net income (loss) available to common shareholders, basic	$	7,088	150,791	$	(29,699)	151,205
Effect of dilutive securities:
Share-based awards other than participating securities		—	2,613		—	—
Net income (loss) available to common shareholders, diluted	$	7,088	153,404	$	(29,699)	151,205

	Six Months Ended			Six Months Ended
	June 30, 2023			June 30, 2022
	Income		Shares	Income		Shares
Basic:
Net income (loss)	$	1,935		$	(71,730)
Less: Undistributed earnings allocated to participating securities		(3)			—
Net income (loss) available to common shareholders, basic	$	1,932	151,275	$	(71,730)	151,174
Diluted:
Net income (loss) available to common shareholders, basic	$	1,932	151,275	$	(71,730)	151,174
Effect of dilutive securities:
Share-based awards other than participating securities		—	2,598		—	—
Net income (loss) available to common shareholders, diluted	$	1,932	153,873	$	(71,730)	151,174

Schedule of shares excluded from diluted EPS calculation

Shares that otherwise would have been included in the diluted per share calculations assuming we had earnings are as follows (in thousands):

	Three Months Ended	Six Months Ended
	June 30,	June 30,
	2022	2022
Diluted shares (as reported)	151,205	151,174
Share-based awards	1,250	1,119
Total	152,455	152,293

The following potentially dilutive shares related to the 2022 Notes, the 2023 Notes and the 2026 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2023	2022	2023	2022
2022 Notes	—	—	—	1,211
2023 Notes	3,168	3,168	3,168	3,168
2026 Notes	28,676	28,676	28,676	28,676