Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of computations of basic and diluted EPS

The computations of the numerator (earnings or loss) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying condensed consolidated statements of operations are as follows (in thousands):

	Three Months Ended			Three Months Ended
	September 30, 2024			September 30, 2023
	Income		Shares	Income		Shares
Basic:
Net income	$	29,514		$	15,560
Less: Undistributed earnings allocated to participating securities		(29)			(27)
Net income available to common shareholders, basic	$	29,485	151,914	$	15,533	150,550
Diluted:
Net income available to common shareholders, basic	$	29,485	151,914	$	15,533	150,550
Effect of dilutive securities:
Share-based awards other than participating securities		—	2,937		—	3,072
Undistributed earnings reallocated to participating securities		1	—		1	—
Net income available to common shareholders, diluted	$	29,486	154,851	$	15,534	153,622
Earnings per share, basic and diluted	$	0.19		$	0.10

	Nine Months Ended			Nine Months Ended
	September 30, 2024			September 30, 2023
	Income		Shares	Income		Shares
Basic:
Net income	$	35,516		$	17,495
Less: Undistributed earnings allocated to participating securities		(36)			(30)
Net income available to common shareholders, basic	$	35,480	152,171	$	17,465	151,031
Earnings per share, basic	$	0.23		$	0.12
Diluted:
Net income available to common shareholders, basic	$	35,480	152,171	$	17,465	151,031
Effect of dilutive securities:
Share-based awards other than participating securities		—	2,867		—	2,905
Undistributed earnings reallocated to participating securities		1	—		1	—
Net income available to common shareholders, diluted	$	35,481	155,038	$	17,466	153,936
Earnings per share, diluted	$	0.23		$	0.11

Schedule of shares excluded from diluted EPS calculation

The following potentially dilutive shares related to the 2023 Notes and the 2026 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2024	2023	2024	2023
2023 Notes	—	2,652	—	2,996
2026 Notes	—	28,676	1,729	28,676