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NOTE 11 — 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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Three Months Ended June 30, |
|
Six Months Ended June 30, |
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2022 |
|
2021 |
|
2022 |
|
2021 |
Net income (loss) |
|
$ |
123,436 |
|
$ |
(51,672) |
|
$ |
120,979 |
|
$ |
(52,418) |
Less portion allocated to nonvested shares |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
Net loss allocated to common shares |
|
$ |
123,436 |
|
$ |
(51,672) |
|
$ |
120,979 |
|
$ |
(52,418) |
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|
|
|
|
|
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|
|
|
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|
|
Weighted average common shares outstanding - basic |
|
|
143,020 |
|
|
142,244 |
|
|
142,981 |
|
|
142,197 |
Dilutive effect of securities |
|
|
1,505 |
|
|
— |
|
|
1,113 |
|
|
— |
Weighted average common shares outstanding - diluted |
|
|
144,525 |
|
|
142,244 |
|
|
144,094 |
|
|
142,197 |
Earnings per common share: |
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Basic |
|
$ |
0.86 |
|
$ |
(0.36) |
|
$ |
0.85 |
|
$ |
(0.37) |
Diluted |
|
|
0.85 |
|
|
(0.36) |
|
|
0.84 |
|
|
(0.37) |
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|
|
|
|
|
|
|
|
|
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Shares excluded due to being anti-dilutive (weighted-average) |
|
|
— |
|
|
880 |
|
|
— |
|
|
899 |
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