Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2024 and 2023 (dollars in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2024		2023
	(unaudited)
Numerator:
Net earnings	$	124	$	16,948
After-tax interest expense for 2023 Notes	—		892
Numerator for dilutive earnings per share	$	124	$	17,840
Denominator:
Weighted average shares outstanding, basic	54,801,748		54,380,947
Effect of dilutive securities:
Stock options, RSUs and SARs	824,915		1,289,321
Convertible notes	—		6,783,936
Weighted average shares outstanding, diluted	55,626,663		62,454,204
Earnings per share, basic	$	0.00	$	0.31
Earnings per share, diluted	$	0.00	$	0.29

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

The following table sets forth the common stock equivalents of outstanding stock-based awards excluded in the calculation of diluted EPS because their inclusion would be anti-dilutive:

	Three Months Ended March 31,
	2024	2023
	(unaudited)
Stock options, RSUs, PSUs	520,152	240,398