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Earnings (Loss) per Share (Tables)
9 Months Ended
Sep. 30, 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 earnings (loss) per share for the three and nine months ended September 30, 2024 and 2023 (dollars in thousands, except share and per share amounts):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(unaudited)(unaudited)
Numerator:
Net earnings (loss)$38,497 $(15,976)$58,537 $141 
Denominator:
Weighted average shares outstanding, basic55,149,760 54,608,963 54,977,199 54,498,687 
Effect of dilutive securities:
Stock options and stock awards866,590 — 813,986 1,076,235 
Weighted average shares outstanding, diluted56,016,350 54,608,963 55,791,185 55,574,922 
Earnings (loss) per share, basic$0.70 $(0.29)$1.06 $0.00 
Earnings (loss) per share, diluted$0.69 $(0.29)$1.05 $0.00 
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 and shares associated with the conversion of the 2023 Notes excluded in the calculation of diluted earnings (loss) per share, because their inclusion
would be anti-dilutive:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(unaudited)(unaudited)
2023 Notes— — — 2,261,312 
Stock options and stock awards712,457 411,506 772,255 486,080