Year ended December 31,

2025

2024

2023

(amounts in thousands, unless otherwise noted)

Basic Earnings per Share

Net income (loss) available to common stockholders — Basic earnings per share

$

34,434

$

(43,691)

$

55,299

Weighted average common shares outstanding

54,046

51,021

47,544

Basic net income (loss) per share:

$

0.64

$

(0.86)

$

1.16

Diluted Earnings per Share

Net income (loss) available to common stockholders

$

34,434

$

(43,691)

$

55,299

Add back: Interest effect of convertible notes, net of tax

4,093

—

Net income (loss) available to common stockholders — Diluted earnings per share

$

38,527

$

(43,691)

$

55,299

Weighted average common shares outstanding

54,046

51,021

47,544

Dilutive effect of stock options, restricted stock units, and warrants

261

—

Dilutive effect of convertible notes

11,253

—

Weighted average diluted shares

65,560

51,021

47,544

Diluted net income (loss) per share

$

0.59

$

(0.86)

$

1.16