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Income (Loss) Per Common Share
9 Months Ended
Sep. 30, 2025
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
September 30,
Nine Months Ended
September 30,
Basic income (loss) per common share2025202420252024
Net income (loss) $6,502 $(2,288)$7,342 $3,124 
Net (income) loss allocated to participating securities(7)(9)(6)
Net income (loss) allocated to common stockholders$6,495 $(2,285)$7,333 $3,118 
Basic weighted-average common shares outstanding47,23341,84444,60541,607
Basic income (loss) per common share$0.14 $(0.05)$0.16 $0.07 
Three Months Ended
September 30,
Nine Months Ended
September 30,
Diluted income (loss) per common share2025202420252024
Net income (loss) $6,502 $(2,288)$7,342 $3,124 
Net (income) loss allocated to participating securities(7)(8)(6)
Net income (loss) allocated to common stockholders$6,495 $(2,285)$7,334 $3,118 
Basic weighted-average common shares outstanding47,23341,84444,60541,607
Effect of dilutive stock options and awards1,5421,3881,014
Diluted weighted-average common shares outstanding48,77541,84445,99342,621
Diluted income (loss) per common share$0.13 $(0.05)$0.16 $0.07 
We excluded stock options and awards 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 and nine months ended September 30, 2025 9,000 and 3,000 potential common shares, respectively, 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 September 30, 2024 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. For the nine months ended September 30, 2024 591,000 potential common shares related to stock options and awards were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding.