Net Income (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Schedule of Calculation of Net Income (Loss) Per Common Share

The table below displays the calculation of net income (loss) per common share.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(dollars and shares in thousands, except per share data)	2026		2025		2026		2025
Basic:
Net income (loss)	$	24,246	$	(67,513)	$	45,882	$	(135,613)
Average common shares outstanding	30,481		30,368		30,466		30,340
Basic net income (loss) per common share	$	0.80	$	(2.22)	$	1.51	$	(4.47)
Diluted:
Net income (loss)	$	24,246	$	(67,513)	$	45,882	$	(135,613)
Average common shares outstanding	30,481		30,368		30,466		30,340
Adjustment for common share equivalents	153		—		59		—
Average common shares outstanding-diluted	30,634		30,368		30,525		30,340
Diluted net income (loss) per common share (1)	$	0.79	$	(2.22)	$	1.50	$	(4.47)
Anti-dilutive shares	40		136		32		136

(1)     For any periods ending with a net loss, anti-dilutive financial instruments are excluded from the calculation of GAAP diluted earnings per share.