Basic and Diluted Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Basic and Diluted Earnings (Loss) Per Share

Basic and Diluted Earnings (Loss) Per Share

The computation of earnings (loss) per share for the three months ended March 31, 2025 and 2024 is as follows:

	Three Months Ended March 31,
(in thousands, except per share amounts)	2025	2024
Numerator:
Net income (loss)	$11,052	$(1,009)
Denominator:
Weighted average shares - basic	379,196	390,048
Dilutive impact of stock options and restricted stock units	460	—
Weighted average shares - diluted	379,656	390,048
Earnings (loss) per share:
Basic	$0.03	$(0.00)
Diluted	$0.03	$(0.00)

The following weighted average potentially dilutive shares are excluded from the computation of diluted earnings (loss)

per share for the periods presented because including them would have been antidilutive:

	Three Months Ended March 31,
(in thousands)	2025	2024
Stock options and restricted stock units	41,161	50,062