Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in thousands, except share and per share data)	2024		2023		2024		2023
Basic income per share:
Net income (loss)	$	21,921	$	(1,568)	$	18,593	$	7,363
Basic weighted average shares outstanding	46,799,672		46,737,443		46,798,598		44,216,541
Basic income (loss) per share of common stock	$	0.47	$	(0.03)	$	0.40	$	0.17
Diluted income per share:
Net income (loss)	$	21,921	$	(1,568)	$	18,593	$	7,363
Basic weighted average shares outstanding	46,799,672		46,737,443		46,798,598		44,216,541
Effect of dilutive securities	760,806		—		805,210		380,878
Diluted weighted average shares outstanding	47,560,478		46,737,443		47,603,808		44,597,419
Diluted income (loss) per share of common stock	$	0.46	$	(0.03)	$	0.39	$	0.17
Anti-dilutive securities excluded from the calculation of diluted income per share	—		448,910		—		—