Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.23.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2023
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,
  2023 2022*
(In thousands, except per share amounts)
Net Income (Loss) $220,638  ($7,715)
Basic weighted average common shares outstanding 61,625  61,487 
Dilutive impact of restricted stock units 249  — 
Diluted weighted average common shares outstanding 61,874  61,487 
   
Net Income (Loss) Per Common Share
Basic $3.58  ($0.13)
Diluted $3.57  ($0.13)
   
Restricted stock units (1)
42  980 
Warrants (1)
481  481 
*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.