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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share 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 June 30,
20252024
BasicDilutedBasicDiluted
Numerator for basic and diluted net loss per common share:
Net income
$26,343 $26,343 $36,910 $36,910 
Less: Net loss available to participating
securities
— — — — 
Plus: Convertible Notes interest expense (after-tax)
— 583 — 2,159 
Net income available to the Company’s common shareholders
$26,343 $26,926 $36,910 $39,069 
Denominator:
Basic weighted-average outstanding shares of common stock41,732,800 41,732,800 45,492,809 45,492,809 
Dilutive effect of:
Equity incentive plans
— 17,313 — 14,232 
Convertible debt — 1,398,391 — 5,158,071 
Diluted weighted-average outstanding shares of common stock41,732,800 43,148,504 45,492,809 50,665,112 
Net income per share
$0.63 $0.62 $0.81 $0.77 

Six months ended June 30,
20252024
BasicDilutedBasicDiluted
Numerator for basic and diluted net loss per common share:
Net income
$50,582 $50,582 $47,537 $47,537 
Less: Net loss available to participating
securities
— — — — 
Plus: Convertible Notes interest expense (after-tax)
— 1,164 — 4,317 
Net income available to the Company’s common shareholders
$50,582 $51,746 $47,537 $51,854 
Denominator:
Basic weighted-average outstanding shares of common stock42,143,165 42,143,165 45,676,726 45,676,726 
Dilutive effect of:
Equity incentive plans
— 113,951 — 54,782 
Convertible debt — 1,398,391 — 5,158,071 
Diluted weighted-average outstanding shares of common stock42,143,165 43,655,507 45,676,726 50,889,579 
Net income per share
$1.20 $1.19 $1.04 $1.02 

For the three months ended June 30, 2025 and 2024, there were 1,484,631 and 1,322,295 shares, respectively, of stock options and restricted stock excluded from the calculation of diluted shares as they were anti-dilutive due to the average stock price during the 2025 and 2024 periods. For the six months ended June 30, 2025 and 2024, there were 851,748 and 1,136,167 shares, respectively, of stock options and restricted stock excluded from the calculation of diluted shares as they were anti-dilutive due to the average stock price during the 2025 and 2024 periods. For the three months ended June 30, 2025 and 2024, 2,631,470 and zero shares, respectively, related to convertible debt were excluded from diluted shares because they were anti-
dilutive under the if-converted method for the diluted net income per share calculation. For the six months ended June 30, 2025 and 2024, 2,631,470 and zero shares, respectively, related to convertible debt were excluded from diluted shares because they were anti-dilutive under the if-converted method for the diluted net income per share calculation.