Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share Reconciliation [Abstract]

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings (loss) per share are as follows (in thousands, except share and per share data):

	Three months ended March 31,
	2024		2023
Numerator for basic and diluted net income (loss) per common share:
Net income (loss)	$	10,627	$	(7,627)
Plus: 1.75% Convertible Notes interest expense (after-tax)	—		—
Net income (loss) available to the Company’s common shareholders	$	10,627	$	(7,627)
Denominator:
Basic weighted-average outstanding shares of common stock	45,860,033		46,987,249
Diluted effect of:
Equity incentive plans	95,332		—
Convertible debt	—		—
Diluted weighted-average outstanding shares of common stock	45,955,365		46,987,249
Net income (loss) per share:
Basic	$	0.23	$	(0.16)
Diluted	$	0.23	$	(0.16)