Quarterly report pursuant to Section 13 or 15(d)

(LOSS) EARNINGS PER SHARE

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(LOSS) EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE
(3) (LOSS) EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the period. For periods in which the Company reports net income, diluted net income per share is determined by using the weighted average number of common and dilutive common equivalent shares outstanding during the period, unless the effect is antidilutive.

The number of shares used to compute net (loss) earnings per share were as follows (in thousands):

Three months ended
March 31,
2023
March 31,
2022
Weighted average shares outstanding - basic 342,794  334,763 
Potential dilutive common shares —  44,127 
Weighted average shares outstanding - diluted 342,794  378,890