Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2021		2020		2021		2020
Basic net income (loss) per share:
Net income (loss)	$	35,624	$	(145)	$	96,489	$	39,421
Weighted-average common shares outstanding during the period	34,013,897		30,857,617		33,585,488		31,621,039
Basic net income (loss) per share	$	1.05	$	—	$	2.87	$	1.25

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2021		2020		2021		2020
Diluted net income (loss) per share:
Net income (loss)	$	35,624	$	(145)	$	96,489	$	39,421
Basic shares outstanding during the period	34,013,897		30,857,617		33,585,488		31,621,039
Plus: Common stock equivalents associated with stock option awards	3,606,219		—		2,525,214		2,369,732
Diluted shares outstanding	37,620,116		30,857,617		36,110,702		33,990,771
Diluted net income (loss) per share	$	0.95	$	—	$	2.67	$	1.16