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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share Reconciliation [Abstract] |
Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings (loss) per share are as follows (in thousands, except share and per share data):
| Three months ended June 30,
| 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for basic and diluted net income per common share: |  |  |  |  |  |
Net income | $ | 36,910 |  |  | $ | 36,910 |  |  | $ | 16,679 |  |  | $ | 16,679 |
Less: Net income available to participating securities (1) | — |  |  | — |  |  | (2) |  |  | (2) |
Plus: 1.75% Convertible Notes interest expense (after-tax) | — |  |  | 2,159 |  |  | — |  |  | — |
Net income available to the Company’s common shareholders | $ | 36,910 |  |  | $ | 39,069 |  |  | $ | 16,677 |  |  | $ | 16,677 |
Denominator: |  |  |  |  |  |  |
Basic weighted-average outstanding shares of common stock | 45,492,809 |  |  | 45,492,809 |  |  | 46,798,800 |  |  | 46,798,800 |
Dilutive effect of: |  |  |  |  |  |  |
Equity incentive plans | — |  |  | 14,232 |  |  | — |  |  | — |
Convertible debt | — |  |  | 5,158,071 |  |  | — |  |  | — |
Diluted weighted-average outstanding shares of common stock | 45,492,809 |  |  | 50,665,112 |  |  | 46,798,800 |  |  | 46,798,800 |
Net income per share: | $ | 0.81 |  |  | $ | 0.77 |  |  | $ | 0.36 |  |  | $ | 0.36 |
(1)Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).
| Six months ended June 30,
| 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for basic and diluted net income per common share: |  |  |  |  |  |
Net income | $ | 47,537 |  |  | $ | 47,537 |  |  | $ | 9,052 |  |  | $ | 9,052 |
Less: Net income available to participating securities (1) | — |  |  | — |  |  | (2) |  |  | (2) |
Plus: 1.75% Convertible Notes interest expense (after-tax) | — |  |  | 4,317 |  |  | — |  |  | — |
Net income available to the Company’s common shareholders | $ | 47,537 |  |  | $ | 51,854 |  |  | $ | 9,050 |  |  | $ | 9,050 |
Denominator: |  |  |  |  |  |  |
Basic weighted-average outstanding shares of common stock | 45,676,726 |  |  | 45,676,726 |  |  | 46,892,504 |  |  | 46,892,504 |
Dilutive effect of: |  |  |  |  |  |  |
Equity incentive plans | — |  |  | 54,782 |  |  | — |  |  | — |
Convertible debt | — |  |  | 5,158,071 |  |  | — |  |  | — |
Diluted weighted-average outstanding shares of common stock | 45,676,726 |  |  | 50,889,579 |  |  | 46,892,504 |  |  | 46,892,504 |
Net income per share: | $ | 1.04 |  |  | $ | 1.02 |  |  | $ | 0.19 |  |  | $ | 0.19 |
(1)Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

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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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