Annual report pursuant to Section 13 and 15(d)

(LOSS) EARNINGS PER SHARE

v3.24.0.1
(LOSS) EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE (LOSS) EARNINGS PER SHARE
Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of shares outstanding during the period. For periods in which the Company reports net income, diluted earnings 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 calculations of shares used to compute net earnings per share were as follows (in thousands):
Year ended December 31,
2023
2022
Weighted average shares outstanding - basic 363,403  337,697 
Potential dilutive common shares —  42,592 
Weighted average shares outstanding - diluted 363,403  380,289