Net (Loss) Income per Common Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net (Loss) Income per Common Share

2. Net (Loss) Income per Common Share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
	(In Thousands, Except Per Share Amounts)
Numerator:
Net (loss) income	$	(25,382	)	$	(7,726	)	$	(10,204	)	$	33,270
Numerator for basic and diluted net   (loss) income per common share	$	(25,382	)	$	(7,726	)	$	(10,204	)	$	33,270
Denominator:
Denominator for basic net (loss) income per    common share - adjusted weighted-average    shares (1)		71,672			73,992			72,070			74,946
Effect of dilutive securities:
Unvested restricted stock and stock units		—			—			—			533
Dilutive potential common shares		—			—			—			533
Denominator for diluted net (loss) income per    common share - adjusted weighted-average    shares		71,672			73,992			72,070			75,479
Basic net (loss) income per common share	$	(0.35	)	$	(0.10	)	$	(0.14	)	$	0.44
Diluted net (loss) income per common share	$	(0.35	)	$	(0.10	)	$	(0.14	)	$	0.44

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(1)All periods exclude the weighted-average shares of unvested restricted stock that are contingently issuable.

The following weighted-average shares of securities were not included in the computation of diluted net (loss) income per common share as their effect would have been antidilutive:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Restricted stock and stock units	1,630,923	1,422,181	1,004,478	429,339
Stock options	13,000	13,000	13,000	13,000
	1,643,923	1,435,181	1,017,478	442,339