Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted net earnings per share

The following table sets forth the computation of basic and diluted EPS for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except share and per share amounts):

	Years Ended December 31,
	2023		2022		2021
Numerator:
Net earnings	$	1,316	$	60,711	$	53,424
After-tax interest expense for 2023 Notes	—		3,556		—
Numerator for dilutive earnings per share	$	1,316	$	64,267	$	53,424
Denominator:
Weighted average shares outstanding, basic	54,536,281		53,665,143		53,099,330
Effect of dilutive securities:
Stock options, RSUs and SARs	970,547		1,230,721		1,257,414
Convertible Notes	—		6,783,936		—
Weighted average shares outstanding, diluted	55,506,828		61,679,800		54,356,744
Earnings per share, basic	$	0.02	$	1.13	$	1.01
Earnings per share, diluted	$	0.02	$	1.04	$	0.98

Schedule of common stock equivalents excluded in the calculation of diluted earnings per share

In addition to the above described effect of the Convertible Note Hedge and Warrant Transactions, the Company also excluded the common stock equivalents of the following outstanding stock-based awards and shares associated with the conversion of the 2023 Notes in the calculation of diluted EPS, because their inclusion would be anti-dilutive:

	Years Ended December 31,
	2023	2022	2021
Stock options, RSUs, PSUs	543,140	373,728	1,275,114
2023 Notes	1,691,337	—	—