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Basic and Diluted Earnings (Loss) per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
11. Basic and Diluted Earnings (Loss) per Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share is computed similar to basic, except the weighted average number of common shares outstanding is increased to include additional
outstanding shares from the assumed exercise of stock options and vesting of RSUs, if dilutive. The dilutive effect, if any, of convertible shares is calculated using the treasury stock method.

The following table is a reconciliation of weighted average number of shares outstanding used to compute basic and diluted earnings (loss) per share (in thousands):

Three months ended September 30,
Nine months ended September 30,
2025202420252024
Net income (loss)7,825 (2,100)6,336 (78,615)
Weighted average number of shares outstanding - basic74,008 72,396 74,101 72,664 
Effect of dilutive securities
Stock options181 — 197 — 
Restricted stock units380 — 254 — 
Performance share units
6 — 2 — 
Weighted average number of shares outstanding - diluted74,575 72,396 74,554 72,664 
Earnings (loss) per share - basic$0.11 $(0.03)$0.09 $(1.08)
Earnings (loss) per share - diluted$0.10 $(0.03)$0.08 $(1.08)

For the three and nine months ended September 30, 2025, approximately 929,000 and 1,161,000 outstanding common stock equivalents, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. As we reported net losses for three and nine months ended September 30, 2024, all outstanding shares would be considered antidilutive if they were to be assumed as vested or exercised.