Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table provides the computation of basic and diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2024		2023		2024		2023
Basic income per share:
Net income (loss)	$	1,896	$	3,024	$	(3,328)	$	8,931
Basic weighted average shares outstanding	46,818,932		43,621,236		46,798,055		42,935,198
Basic income (loss) per share of common stock	$	0.04	$	0.07	$	(0.07)	$	0.21
Diluted income per share:
Net income (loss)	$	1,896	$	3,024	$	(3,328)	$	8,931
Basic weighted average shares outstanding	46,818,932		43,621,236		46,798,055		42,935,198
Effect of dilutive securities	804,780		373,778		—		370,020
Diluted weighted average shares outstanding	47,623,712		43,995,014		46,798,055		43,305,218
Diluted income (loss) per share of common stock	$	0.04	$	0.07	$	(0.07)	$	0.21
Anti-dilutive securities excluded from the calculation of diluted income per share	289		1,564		844,374		12,002