Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.23.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of 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 September 30, Nine Months Ended September 30,
  2023 2022* 2023 2022*
(In thousands, except per share amounts)
Net Income $119,484  $502,039  $232,226  $797,575 
Basic weighted average common shares outstanding 67,931  61,703  63,827  61,624 
Dilutive impact of restricted stock units 152  167  189  303 
Diluted weighted average common shares outstanding 68,083  61,870  64,016  61,927 
       
Net Income Per Common Share
Basic $1.76  $8.14  $3.64  $12.94 
Diluted $1.75  $8.11  $3.63  $12.88 
       
Restricted stock units (1)
54  100  75  28 
Warrants (1)
481  481  481  416 
*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.