The following table sets forth the computation of basic and diluted earnings (loss) per common share: | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2021 | | 2020 | | (in thousands, except per-share amounts) | | Numerator | | | | | Net income (loss) | $ | (112,321) | | | $ | (27,828) | | | Denominator | | | | | Weighted-average shares outstanding, basic | 97,775 | | | 68,521 | | | Effect of dilutive stock awards | — | | | — | | | Adjusted weighted-average shares outstanding, diluted | 97,775 | | | 68,521 | | | Earnings (loss) per share | | | | | Basic earnings (loss) per common share | $ | (1.15) | | | $ | (0.41) | | | Diluted earnings (loss) per common share | $ | (1.15) | | | $ | (0.41) | | |
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