Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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- and six-month periods ended June 30, 2025 and 2024:

	Three months ended June 30,
(In thousands, except share and per share data)	2025				2024
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	22,947	$	22,947	$	(2,735)	$	(2,735)
Weighted-average common shares outstanding	25,471,114		25,471,114		25,314,456		25,314,456
Add dilutive effect of restricted stock unit awards			918,428				—
Add dilutive effect of stock options			1,118				—
Weighted-average common shares outstanding	25,471,114		26,390,660		25,314,456		25,314,456
Earnings (loss) per common share	$	0.90	$	0.87	$	(0.11)	$	(0.11)
Awards excluded from diluted earnings per share calculation(1)			200,051				662,378

(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.

	Six months ended June 30,
(In thousands, except share and per share data)	2025				2024
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	40,647	$	40,647	$	10,767	$	10,767
Weighted-average common shares outstanding	25,431,418		25,431,418		25,294,698		25,294,698
Add dilutive effect of restricted stock unit awards			918,428				599,982
Add dilutive effect of stock options			967				801
Weighted-average common shares outstanding	25,431,418		26,350,813		25,294,698		25,895,481
Earnings (loss) per common share	$	1.60	$	1.54	$	0.43	$	0.42
Awards excluded from diluted earnings per share calculation(1)			200,051				662,378

(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.