Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following is a computation of basic and diluted earnings (loss) per common share for the periods indicated: 

	Three Months Ended
(in thousands, except per share data)	March 31, 2024		March 31, 2023
Net income (loss)	$	124,080	$	(14,038)
Weighted average number of common shares outstanding - basic	208,260		156,383
Effect of potentially dilutive common shares (1)	696		—
Weighted average number of common shares outstanding - diluted	208,956		156,383
Earnings (loss) per common share:
Basic	$	0.60	$	(0.09)
Diluted	$	0.59	$	(0.09)

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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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 periods indicated:

	Three Months Ended
(in thousands)	March 31, 2024	March 31, 2023
Restricted stock awards and units	601	783