Earnings per Share

12 Months Ended

Dec. 31, 2024

The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings (loss) per share:


	Net Income (loss)		Weighted Average Shares	Earnings (Loss) Per Share
	(In thousands, except per share amounts)
Year Ended December 31, 2024
Basic earnings per share	$	62,986	37,106	$	1.70
Effect of dilutive securities
Restricted stock awards (1)	—		28
Restricted share units (1)	—		32
Performance share units (1)	—		11
Stock options (1)	—		11

Diluted earnings per share	$	62,986	37,188	$	1.69
Year Ended December 31, 2023
Basic earnings per share	$	60,857	36,939	$	1.65
Effect of dilutive securities
Restricted stock awards (1)	—		19
Restricted share units (1)	—		120
Performance share units (1)	—		13
Stock options (1)	—		43

Diluted earnings per share	$	60,857	37,134	$	1.64
Year Ended December 31, 2022
Basic earnings per share	$	242,168	36,745	$	6.59
Effect of dilutive securities
Restricted stock awards (1)	—		20
Restricted share units (1)	—		285
Performance share units (1)	—		20
Stock options (1)	—		84

Diluted earnings per share	$	242,168	37,154	$	6.52

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(1)The incremental shares of potentially dilutive restricted stock awards, restricted stock units, performance share units and stock options were included for the years ended December 31, 2024, 2023 and 2022 as their effect was dilutive under the treasury stock method.

See Note 15 for discussion of the Company’s share-based compensation awards.