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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,									Six months ended June 30,
(dollars in thousands, except per share amounts)			2024			2023						2024			2023
Numerator:
Net income (loss)			$	21,804		$	2,105					$	27,050		$	(12,596)
Denominator:
Weighted average common shares			50,747,337			52,642,411						51,399,853			52,389,112
Add effect of dilutive securities:
Restricted stock and units			930,081			1,000,713						972,074			—
Weighted average common shares assuming dilution			51,677,418			53,643,124						52,371,927			52,389,112
Earnings (loss) per share
Basic			$	0.43		$	0.04					$	0.53		$	(0.24)
Diluted			$	0.42		$	0.04					$	0.52		$	(0.24)
Anti-dilutive shares excluded from calculations of diluted earnings (loss) per share			12,367			9,487						1,023,093			1,151,974

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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