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Income (Loss) Per Common Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Income (Loss) Per Common Share | Income (Loss) Per Common Share The following table sets forth the computation of basic and diluted income (loss) per common share (in thousands, except per share data):
|  | Three Months Ended March 31, |  |
Basic income (loss) per common share |  | 2024 |  | 2023 |  |  |  |
Net income (loss) |  | $ | 7,533 |  |  | $ | (13,532) |  |  |  |  |
Net (income) loss allocated to participating securities |  | (22) |  |  | 60 |  |  |  |  |
Net income (loss) allocated to common shareholders |  | $ | 7,511 |  |  | $ | (13,472) |  |  |  |  |
Basic weighted-average common shares outstanding |  | 41,290 |  | 40,432 |  |  |  |
Basic income (loss) per common share |  | $ | 0.18 |  |  | $ | (0.33) |  |  |  |  |
|  | Three Months Ended March 31, |  |
Diluted income (loss) per common share |  | 2024 |  | 2023 |  |  |  |
Net income (loss) |  | $ | 7,533 |  |  | $ | (13,532) |  |  |  |  |
Net (income) loss allocated to participating securities |  | (19) |  |  | 60 |  |  |  |  |
Net income attributable to convertible senior notes |  | 935 |  |  | — |  |  |  |  |
Net income (loss) allocated to common shareholders |  | $ | 8,449 |  |  | $ | (13,472) |  |  |  |  |
Basic weighted-average common shares outstanding |  | 41,290 |  | 40,432 |  |  |  |
Effect of dilutive stock options and awards |  | 889 |  | — |  |  |  |
Effect of convertible senior notes |  | 5,707 |  | — |  |  |  |
Diluted weighted-average common shares outstanding |  | 47,886 |  | 40,432 |  |  |  |
Diluted income (loss) per common share |  | $ | 0.18 |  |  | $ | (0.33) |  |  |  |  |
We excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the three months ended March 31, 2024 $1.3 million of potential common shares related to stock options and awards were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding. For the three months ended March 31, 2023 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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