Income (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Income (Loss) Per Share

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net income	$	262,631	$	7,486	$	291,691	$	22,373
Plus: Net income effect of convertible securities	—		—		—		—
Numerator for diluted income per common share	$	262,631	$	7,486	$	291,691	$	22,373
Basic weighted-average common stock shares outstanding	49,633		55,729		51,237		57,283
Plus: dilutive effects of common stock equivalents	1,264		495		646		787
Diluted weighted-average common stock shares outstanding	50,897		56,224		51,883		58,070
Basic income per common share	$	5.29	$	0.13	$	5.69	$	0.39
Diluted income per common share	$	5.16	$	0.13	$	5.62	$	0.39
Diluted income per common share excludes the following equity instruments because their effect would be anti-dilutive:
Shares of unvested restricted stock	90		327		377		261
Shares of stock options	350		366		735		202