Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Weighted Average Basic and Diluted Common Shares Outstanding

The table below reconciles the weighted-average basic and diluted common shares outstanding:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands)
Numerator for basic and diluted (loss) earnings per share:
Net (loss) income	$	(5,494)	$	322	$	15,788	$	18,471
Denominator
Weighted average number of common shares outstanding - basic	74,364		74,340		74,446		74,334
Effect of dilutive securities1	—		8		50		12
Weighted average number of common shares outstanding - diluted	74,364		74,348		74,496		74,346
Basic (loss) earnings per share:	$	(0.07)	$	0.00	$	0.21	$	0.25
Diluted (loss) earnings per share:	$	(0.07)	$	0.00	$	0.21	$	0.25

1.Certain outstanding equity awards are anti-dilutive and therefore excluded from the calculation of the weighted average number of diluted common shares outstanding.

Schedule of Anti-dilutive Outstanding Equity Awards Under Share Based Compensation Plans

Anti-dilutive outstanding equity awards under share-based compensation plans were as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
	(in thousands)
Anti-dilutive	3,110	3,287	2,619	3,201