Earnings Per Share (Tables)

9 Months Ended

Sep. 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
	September 30, 2023			September 30, 2022
	Income		Shares	Income		Shares
Basic:
Net income (loss)	$	15,560		$	(18,763)
Less: Undistributed earnings allocated to participating securities		(27)			—
Net income (loss) available to common shareholders, basic	$	15,533	150,550	$	(18,763)	151,331
Diluted:
Net income (loss) available to common shareholders, basic	$	15,533	150,550	$	(18,763)	151,331
Effect of dilutive securities:
Share-based awards other than participating securities		—	3,072		—	—
Undistributed earnings reallocated to participating securities		1	—		—	—
Net income (loss) available to common shareholders, diluted	$	15,534	153,622	$	(18,763)	151,331

	Nine Months Ended			Nine Months Ended
	September 30, 2023			September 30, 2022
	Income		Shares	Income		Shares
Basic:
Net income (loss)	$	17,495		$	(90,493)
Less: Undistributed earnings allocated to participating securities		(30)			—
Net income (loss) available to common shareholders, basic	$	17,465	151,031	$	(90,493)	151,226
Diluted:
Net income (loss) available to common shareholders, basic	$	17,465	151,031	$	(90,493)	151,226
Effect of dilutive securities:
Share-based awards other than participating securities		—	2,905		—	—
Undistributed earnings reallocated to participating securities		1	—		—	—
Net income (loss) available to common shareholders, diluted	$	17,466	153,936	$	(90,493)	151,226

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	Nine Months Ended
	September 30,	September 30,
	2022	2022
Diluted shares (as reported)	151,331	151,226
Share-based awards	1,471	1,332
Total	152,802	152,558

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		Nine Months Ended
	September 30,		September 30,
	2023	2022	2023	2022
2022 Notes	—	—	—	803
2023 Notes	2,652	3,168	2,996	3,168
2026 Notes	28,676	28,676	28,676	28,676