Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.21.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
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 March 31,
  2021 2020
(In thousands, except per share amounts)
Net Income (Loss) ($80,407) $216,565 
Basic weighted average common shares outstanding (1)
42,590  39,667 
Dilutive impact of restricted stock (1)
—  17 
Dilutive impact of warrants (1)
—  — 
Diluted weighted average common shares outstanding (1)
42,590  39,684 
   
Net Income (Loss) Per Common Share (1)
Basic ($1.89) $5.46 
Diluted ($1.89) $5.46 
   
Restricted stock (1)(2)
702  337 
Warrants (1)(2)
5,826  481 

(1)    Shares and per share data have been retroactively adjusted to reflect the Company’s 1-for-10 reverse stock split effective August 7, 2020. See “Note 10 - Stockholders’ Equity” for additional information.
(2)    Shares excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.