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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):
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|
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|
|
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|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Net (loss) income |
|
$ |
(12,109) |
|
$ |
123,436 |
|
$ |
13,896 |
|
$ |
120,979 |
Less portion allocated to nonvested shares |
|
|
— |
|
|
— |
|
|
243 |
|
|
— |
Net (loss) income allocated to common shares |
|
$ |
(12,109) |
|
$ |
123,436 |
|
$ |
13,653 |
|
$ |
120,979 |
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|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding - basic |
|
|
146,452 |
|
|
143,020 |
|
|
146,435 |
|
|
142,981 |
Dilutive effect of securities |
|
|
— |
|
|
1,505 |
|
|
2,610 |
|
|
1,113 |
Weighted average common shares outstanding - diluted |
|
|
146,452 |
|
|
144,525 |
|
|
149,045 |
|
|
144,094 |
Earnings per common share: |
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|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.08) |
|
$ |
0.86 |
|
$ |
0.09 |
|
$ |
0.85 |
Diluted |
|
|
(0.08) |
|
|
0.85 |
|
|
0.09 |
|
|
0.84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares excluded due to being anti-dilutive (weighted average) |
|
|
2,909 |
|
|
— |
|
|
— |
|
|
— |
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