EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2026

The following tables set forth the computation of basic and diluted earnings (loss) per share:


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025

	(In thousands, except share data)
Net income (loss)	$	(230,690)	$	78,552	$	(155,947)	$	171,376

Weighted average common shares outstanding — basic	48,425,768		56,927,187		51,434,157		57,188,938
Effect of dilutive securities	—		450,586		—		491,605
Weighted average common shares outstanding — diluted	48,425,768		57,377,773		51,434,157		57,680,543

Earnings (loss) per common share — basic	$	(4.76)	$	1.38	$	(3.03)	$	3.00
Earnings (loss) per common share — diluted	$	(4.76)	$	1.37	$	(3.03)	$	2.97