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(Loss) Income Per Common Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
(Loss) Income Per Common Share (Loss) Income Per Common Share
The following table sets forth the computation of basic and diluted (loss) income per common share (in thousands, except per share data):
Three Months Ended
March 31,
Basic (loss) income per common share20252024
Net (loss) income$(505)$7,533 
Net loss (income) allocated to participating securities1 (22)
Net (loss) income allocated to common stockholders$(504)$7,511 
Basic weighted-average common shares outstanding42,23241,290
Basic (loss) income per common share$(0.01)$0.18 
Three Months Ended
March 31,
Diluted (loss) income per common share20252024
Net (loss) income$(505)$7,533 
Net loss (income) allocated to participating securities1 (19)
Net income attributable to convertible senior notes— 935 
Net (loss) income allocated to common stockholders$(504)$8,449 
Basic weighted-average common shares outstanding42,23241,290
Effect of dilutive stock options and awards—889
Effect of convertible senior notes—5,707
Diluted weighted-average common shares outstanding42,23247,886
Diluted (loss) income per common share$(0.01)$0.18 
We excluded stock options and awards from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the three months ended March 31, 2025 all stock options, awards, and potential common shares related to our Convertible Senior Notes were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss. For the three months ended March 31, 2024 1.3 million of potential common shares related to stock options and awards were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding.