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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings (loss) per share:
  
Three months ended
September 30,
Nine months ended
September 30,
(dollars in thousands, except per share amounts)
2023
2022
2023
2022
Numerator:
Net income (loss)$9,017 $(10,319)$(3,579)$(24,148)
Denominator:
Weighted average common shares52,704,974 51,692,152 52,495,556 51,519,340 
Add effect of dilutive securities:
Stock-based awards1,384,923 — — — 
Weighted average common shares assuming dilution54,089,897 51,692,152 52,495,556 51,519,340 
Earnings (loss) per share
Basic$0.17 $(0.20)$(0.07)$(0.47)
Diluted$0.17 $(0.20)$(0.07)$(0.47)
Anti-dilutive shares excluded from calculations of diluted earnings (loss) per share21,660 936,214 474,150 1,195,709