Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2024

Diluted weighted average shares is calculated as basic weighted average shares plus the effect, calculated using the treasury stock method, of assuming that restricted share units and performance share units have vested. The following table provides a reconciliation between the Company's basic weighted average number of common shares outstanding to its diluted weighted average number of common shares outstanding:


(In thousands, except per share data)	Year Ended December 31
	2024		2023		2022
Weighted average number of common shares outstanding, basic	51,097		52,642		54,008
Dilutive effect of securities:
Restricted Share Units	127		120		115
Performance Share Units	42		26		17


Weighted average number of common shares outstanding, diluted	51,266		52,788		54,140
Effect of dilutive shares on earnings (loss) per share	$	—	$	—	$	—

The diluted weighted average number of common shares outstanding for the years ended December 31, 2024, 2023 and 2022 excludes approximately 158,000, 118,000 and 2,000, respectively, of common share equivalents issuable under the Company's stock compensation plans, as their effect would have been antidilutive.

Dilutive common share equivalents are reflected in the earnings (loss) per share calculation while antidilutive common share equivalents are not reflected in the earnings (loss) per share calculation. For the years ended December 31, 2023 and 2022, all incremental common share equivalents were not included in the computation of diluted earnings (loss) per share because to do so would have been antidilutive for each period.