Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30,		Six Months Ended June 30,
	2023	2022*	2023	2022*
	(In thousands, except per share amounts)



Net Income (Loss)	($107,896)	$303,251	$112,742	$295,536
Basic weighted average common shares outstanding	61,856	61,679	61,741	61,583
Dilutive impact of restricted stock units	—	230	198	373

Diluted weighted average common shares outstanding	61,856	61,909	61,939	61,956

Net Income (Loss) Per Common Share
Basic	($1.74)	$4.92	$1.83	$4.80
Diluted	($1.74)	$4.90	$1.82	$4.77

Restricted stock units (1)	807	26	91	12
Warrants (1)	481	345	481	336

*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.