Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE (Tables)

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EARNINGS (LOSS) PER SHARE (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted
Basic and diluted weighted average shares outstanding and (loss) earnings per share were as follows (in thousands, except share and per share data):
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
Net income (loss) $ 21,650  $ 52,014  $ (60,908) $ 61,445 
Weighted-average shares outstanding:
Weighted average shares used in computing earnings (loss) per share, basic 145,236,526  156,525,006  145,279,938  157,109,418 
Founders advisory fees 9,428,244  11,785,305  —  11,785,305 
Weighted average shares used in computing earnings (loss) per share, diluted 154,664,770  168,310,311  145,279,938  168,894,723 
Basic earnings (loss) per share $ 0.15  $ 0.33  $ (0.42) $ 0.39 
Diluted earnings (loss) per share $ 0.14  $ 0.31  $ (0.42) $ 0.36