Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.23.1
EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
EARNINGS PER SHARE

NOTE 10 — EARNINGS PER SHARE

The following table presents the calculation of basic and diluted (loss) earnings per common share (in thousands, except per share amounts):

Three Months Ended March 31, 

    

2023

    

2022

Net income (loss)

$

26,005

$

(2,457)

Weighted average common shares outstanding - basic

 

146,418

 

142,942

Dilutive effect of securities

2,308

Weighted average common shares outstanding - diluted

148,726

142,942

Earnings per common share:

Basic

$

0.18

$

(0.02)

Diluted

0.17

(0.02)

Shares excluded due to being anti-dilutive (weighted average)

717