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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [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 September 30,
			2024												2023
			Basic						Diluted						Basic						Diluted
Numerator for basic and diluted net loss per common share:
Net loss			$	(48,577)					$	(48,577)					$	(30,971)					$	(30,971)

Plus: Convertible Notes interest expense (after-tax)			—						—						—						—
Net income available to the Company’s common shareholders			$	(48,577)					$	(48,577)					$	(30,971)					$	(30,971)
Denominator:
Basic weighted-average outstanding shares of common stock			43,924,158						43,924,158						46,062,097						46,062,097
Dilutive effect of:
Equity incentive plans			—						—						—						—
Convertible debt			—						—						—						—
Diluted weighted-average outstanding shares of common stock			43,924,158						43,924,158						46,062,097						46,062,097

Net loss per share			$	(1.11)					$	(1.11)					$	(0.67)					$	(0.67)


			Nine months ended September 30,
			2024												2023
			Basic						Diluted						Basic						Diluted
Numerator for basic and diluted net loss per common share:
Net loss			$	(1,040)					$	(1,040)					$	(21,919)					$	(21,919)

Plus: Convertible Notes interest expense (after-tax)			—						—						—						—
Net income available to the Company’s common shareholders			$	(1,040)					$	(1,040)					$	(21,919)					$	(21,919)
Denominator:
Basic weighted-average outstanding shares of common stock			45,088,272						45,088,272						46,612,660						46,612,660
Dilutive effect of:
Equity incentive plans			—						—						—						—
Convertible debt			—						—						—						—
Diluted weighted-average outstanding shares of common stock			45,088,272						45,088,272						46,612,660						46,612,660

Net loss per share			$	(0.02)					$	(0.02)					$	(0.47)					$	(0.47)