EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2025

EARNINGS (LOSS) PER SHARE

Schedule of Earnings (loss) per share calculation

A summary of the earnings (loss) per share calculation is as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands, except per share amounts)	2025		2024		2025		2024
Basic earnings per share:
Net income (loss)	$	(1,356)	$	14,291	$	8,803	$	23,094
Weighted-average common shares		55,796		56,817		56,310		56,810
Basic earnings (loss) per share	$	(0.02)	$	0.25	$	0.16	$	0.41
Diluted earnings per share: (1)
Net income (loss)	$	(1,356)	$	14,291	$	8,803	$	23,094
Weighted-average common shares		55,796		56,817		56,310		56,810
Effect of dilutive awards:
Employee stock plans		—		187		276		296
Diluted weighted-average common shares		55,796		57,004		56,586		57,106
Diluted earnings (loss) per share	$	(0.02)	$	0.25	$	0.16	$	0.40

(1) The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share if the performance conditions have been satisfied as of the end of the reporting period and excludes such shares when the necessary conditions have not been met. The Company has excluded the shares underlying the outstanding performance-based awards in the 2025 and 2024 calculations as the shares were not contingently issuable as of the end of the reporting periods.