Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.23.2
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 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 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

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:

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