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Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,									Nine months ended September 30,
(dollars in thousands, except per share amounts)			2024			2023						2024			2023
Numerator:
Net income (loss)			$	20,542		$	9,017					$	47,592		$	(3,579)
Denominator:
Weighted average common shares			50,409,292			52,704,974						51,067,255			52,495,556
Add effect of dilutive securities:
Restricted stock and units			1,223,277			1,384,923						1,039,892			—
Weighted average common shares assuming dilution			51,632,569			54,089,897						52,107,147			52,495,556
Earnings (loss) per share
Basic			$	0.41		$	0.17					$	0.93		$	(0.07)
Diluted			$	0.40		$	0.17					$	0.91		$	(0.07)
Anti-dilutive shares excluded from calculations of diluted earnings (loss) per share			47,210			21,660						380,392			474,150

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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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