Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Summary of Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share were as follows for the three-month periods ended March 31, 2025 and 2024:

	Three months ended March 31,
(In thousands, except share and per share data)	2025				2024
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	17,700	$	17,700	$	13,502	$	13,502
Weighted-average common shares outstanding	25,391,281		25,391,281		25,274,941		25,274,941
Add dilutive effect of restricted stock unit awards	—		845,557		—		559,362
Add dilutive effect of stock options	—		809		—		191
Weighted-average common shares outstanding	25,391,281		26,237,647		25,274,941		25,834,494
Earnings (loss) per common share	$	0.70	$	0.67	$	0.53	$	0.52
Awards excluded from diluted earnings per share calculation(1)	—		200,537		—		751,040

(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would inherently have been anti-dilutive.