Earnings Per Common Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share 

The following is a computation of basic and diluted earnings per common share for the three months ended March 31, 2023 and 2022: 

	Three Months Ended
(in thousands, except per share data)	March 31, 2023		March 31, 2022
Net (loss) income	$	(14,038)	$	91,157
Weighted average number of common shares outstanding - basic (1)	156,383		129,159
Effect of potentially dilutive common shares (1), (2)	—		534
Weighted average number of common shares outstanding - diluted (1)	156,383		129,693
(Loss) earnings per common share:
Basic (1)	$	(0.09)	$	0.71
Diluted (1)	$	(0.09)	$	0.70

(1) Prior period has been restated as a result of the adjustment to common shares outstanding based on the Exchange Ratio.

(2) Represents the effect of the assumed vesting of non-participating restricted shares based on the treasury stock method. 

The following table represents the weighted average outstanding restricted shares that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the three months ended March 31, 2023 and 2022:

	Three Months Ended
(in thousands)	March 31, 2023	March 31, 2022
Restricted stock awards and units	783	—