Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of the Company’s basic and diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2025		2024		2025		2024
Net income	$	972	$	15,528	$	4,616	$	29,530
Denominator for basic earnings per share		35,991		36,047		36,021		35,929
Incremental common shares attributable to outstanding restricted stock units		267		448		406		455
Incremental common shares attributable to exercise of dilutive options		—		2		—		4
Denominator for diluted earnings per share		36,258		36,497		36,427		36,388
Earnings per share:
Basic	$	0.03	$	0.43	$	0.13	$	0.82
Diluted	$	0.03	$	0.43	$	0.13	$	0.81