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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Loss per Share

The following table presents information necessary to calculate net income (loss) per share for the three and nine months ended September 30, 2022 and 2021 as well as potentially dilutive securities excluded from the weighted average number of diluted common shares outstanding because their inclusion would have been anti-dilutive (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

BASIC EPS:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributed to common stockholders

$

61,452

 

 

$

(82,998

)

 

$

54,561

 

 

$

(292,720

)

Weighted average number of common shares outstanding, excluding
   non-vested shares of restricted stock

 

216,822

 

 

 

188,965

 

 

 

216,090

 

 

 

188,355

 

Basic net income (loss) per common share

$

0.28

 

 

$

(0.44

)

 

$

0.25

 

 

$

(1.55

)

DILUTED EPS:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributed to common stockholders

$

61,452

 

 

$

(82,998

)

 

$

54,561

 

 

$

(292,720

)

Weighted average number of common shares outstanding, excluding
   non-vested shares of restricted stock

 

216,822

 

 

 

188,965

 

 

 

216,090

 

 

 

188,355

 

Add dilutive effect of potential common shares

 

3,632

 

 

 

 

 

 

3,291

 

 

 

 

Weighted average number of diluted common shares outstanding

 

220,454

 

 

 

188,965

 

 

 

219,381

 

 

 

188,355

 

Diluted net income (loss) per common share

$

0.28

 

 

$

(0.44

)

 

$

0.25

 

 

$

(1.55

)

Potentially dilutive securities excluded as anti-dilutive

 

3,359

 

 

 

9,334

 

 

 

3,359

 

 

 

9,334