Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2023	2022*
	(In thousands, except per share amounts)
Net Income (Loss)	$220,638	($7,715)
Basic weighted average common shares outstanding	61,625	61,487
Dilutive impact of restricted stock units	249	—
Diluted weighted average common shares outstanding	61,874	61,487
Net Income (Loss) Per Common Share
Basic	$3.58	($0.13)
Diluted	$3.57	($0.13)
Restricted stock units (1)	42	980
Warrants (1)	481	481

*Financial information for the prior period has been recast to reflect retrospective application of the successful efforts method of accounting. See “Note 2 - Summary of Significant Accounting Policies” for additional information.

(1)    Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.