NET INCOME (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

NET INCOME (LOSS) PER SHARE

Schedule of earnings (loss) per share

The following table (in thousands, except per share amounts) sets forth the computation of basic earnings (loss) per share for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Basic earnings per common share:
Net income (loss) - basic	$	1,554	$	16,075	$	(10,346)	$	55,041
Weighted average shares outstanding - basic		42,598		33,140		38,455		33,088
Basic earnings (loss) per common share	$	0.04	$	0.49	$	(0.27)	$	1.66

The following table (in thousands, except per share amounts) sets forth the computation of diluted net income (loss) per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Diluted earnings per common share:
Net income (loss) - basic	$	1,554	$	16,075	$	(10,346)	$	55,041
Add: Convertible Notes interest expense, net of tax		—		303		—		898
Net income (loss) - diluted	$	1,554	$	16,378	$	(10,346)	$	55,939
Weighted average shares outstanding - basic		42,598		33,140		38,455		33,088
Add: Dilutive effects of if converted Convertible Notes		—		3,162		—		3,164
Add: Dilutive effects of Restricted Stock Units		420		546		—		496
Weighted average shares outstanding - diluted		43,018		36,848		38,455		36,748
Diluted net income (loss) per share	$	0.04	$	0.44	$	(0.27)	$	1.52