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Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
5. (Loss) Earnings Per Share
The following table sets forth the computation of basic and diluted (loss) earnings per share:
  Years ended December 31,
(dollars in thousands, except per share amounts)202420232022
Numerator:
Net (loss) income$(283,172)$1,820 $(45,407)
Denominator:
Weighted average common shares50,560,538 52,546,406 51,569,148 
Add effect of dilutive securities:
Restricted stock and units— 1,174,936 — 
Weighted average common shares assuming dilution50,560,538 53,721,342 51,569,148 
(Loss) earnings per share
Basic$(5.60)$0.03 $(0.88)
Diluted$(5.60)$0.03 $(0.88)
Anti-dilutive shares excluded from calculations of diluted (loss) earnings per share54,236 45,614 1,046,307 
Diluted loss per share for the years ended December 31, 2024 and 2022 was the same as basic loss per share as there were net losses in each period and inclusion of potentially dilutive securities was anti-dilutive.