Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the calculation of the Company's basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2024		2023		2024		2023
Basic net (loss) per share:
Net (loss)	$	(96,071)	$	(27,046)	$	(82,099)	$	(1,754)
Weighted-average common shares outstanding during the period	36,308,992		34,848,899		35,983,826		34,619,794
Basic net (loss) per share	$	(2.65)	$	(0.78)	$	(2.28)	$	(0.05)

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2024		2023		2024		2023
Diluted net (loss) per share:
Net (loss)	$	(96,071)	$	(27,046)	$	(82,099)	$	(1,754)
Weighted-average basic shares outstanding during the period	36,308,992		34,848,899		35,983,826		34,619,794
Plus: Common stock equivalents associated with stock-based compensation	—		—		—		—
Weighted-average diluted shares outstanding	36,308,992		34,848,899		35,983,826		34,619,794
Diluted net (loss) per share	$	(2.65)	$	(0.78)	$	(2.28)	$	(0.05)

Schedule of Computation of Diluted Shares Outstanding

The computation of weighted-average diluted shares outstanding excluded the following share amounts as their effect would have been anti-dilutive for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Outstanding RSUs	36,334	—	228,681	218,804
Outstanding PSUs	—	147,914	221,326	238,655
Outstanding ESPP shares	61,442	38,581	228,707	64,091
Outstanding stock warrants	—	—	—	3,489,662