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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share Reconciliation [Abstract] |
Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings per share from continuing operations are as follows (in thousands, except share and per share data):
| Year ended December 31,
| 2023 |  | 2022 |  | 2021
Numerator for basic and diluted net income per common share: |  |  |  |  |
Net income from continuing operations | $ | 41,503 |  |  | $ | 65,466 |  |  | $ | 401,395 |
Less: Net income available to participating securities (1) | (2) |  |  | (20) |  |  | (326) |
Plus: 1.75% Convertible Notes interest expense (after-tax) | — |  |  | — |  |  | — |
Net income available to the Company’s common shareholders from continuing operations | $ | 41,501 |  |  | $ | 65,446 |  |  | $ | 401,069 |
Denominator: |  |  |  |  |
Basic weighted-average outstanding shares of common stock | 46,400,941 |  |  | 46,954,558 |  |  | 45,893,928 |
Diluted effect of: |  |  |  |  |
Equity incentive plans | 63,320 |  |  | 71,291 |  |  | 311,585 |
Convertible debt(2) | — |  |  | — |  |  | 1,657,232 |
Diluted weighted-average outstanding shares of common stock | 46,464,261 |  |  | 47,025,849 |  |  | 47,862,745 |
Net income per share from continuing operations: |  |  |  |  |
Basic | $ | 0.89 |  |  | $ | 1.39 |  |  | $ | 8.74 |
Diluted | $ | 0.89 |  |  | $ | 1.39 |  |  | $ | 8.38 |
Weighted-average shares excluded from diluted weighted-average shares outstanding: |  |  |  |  |
Anti-dilutive stock options and restricted stock | 629,807 |  |  | — |  |  | — |
Anti-dilutive convertible debt | 5,158,071 |  |  | 5,158,071 |  |  | — |
(1)Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid). (2)Under the modified retrospective method of adoption of ASU 2020-06, the dilutive impact of convertible debt was calculated using the if-converted method for the years ended December 31, 2023 and 2022. The dilutive impact of convertible debt was calculated using the treasury stock method for the years ended December 31, 2021 (see Note 10 — Debt).

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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 + Details
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