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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Components of Basic and Diluted Earnings Per Share
The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):
Three months ended March 31,
20252024
BasicDilutedBasicDiluted
Numerator for basic and diluted net loss per common share:
Net income
$24,239 $24,239 $10,627 $10,627 
Less: Net loss available to participating
securities
— — — — 
Plus: Convertible Notes interest expense (after-tax)
— 582 — — 
Net income available to the Company’s common shareholders
$24,239 $24,821 $10,627 $10,627 
Denominator:
Basic weighted-average outstanding shares of common stock42,558,090 42,558,090 45,860,033 45,860,033 
Dilutive effect of:
Equity incentive plans
— 210,588 — 95,332 
Convertible debt — 1,398,391 — — 
Diluted weighted-average outstanding shares of common stock42,558,090 44,167,069 45,860,033 45,955,365 
Net income per share
$0.57 $0.56 $0.23 $0.23