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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,
			2025												2024
			Basic						Diluted						Basic						Diluted
Numerator for basic and diluted net loss per common share:
Net loss			$	(3,598)					$	(3,598)					$	(48,577)					$	(48,577)

Plus: Convertible Notes interest expense (after-tax)			—						—						—						—
Net loss available to the Company’s common shareholders			$	(3,598)					$	(3,598)					$	(48,577)					$	(48,577)
Denominator:
Basic weighted-average outstanding shares of common stock			40,558,629						40,558,629						43,924,158						43,924,158
Dilutive effect of:
Equity incentive plans			—						—						—						—
Convertible debt			—						—						—						—
Diluted weighted-average outstanding shares of common stock			40,558,629						40,558,629						43,924,158						43,924,158

Net loss per share			$	(0.09)					$	(0.09)					$	(1.11)					$	(1.11)


			Nine months ended September 30,
			2025												2024
			Basic						Diluted						Basic						Diluted
Numerator for basic and diluted net loss per common share:
Net income (loss)			$	46,984					$	46,984					$	(1,040)					$	(1,040)

Plus: Convertible Notes interest expense (after-tax)			—						—						—						—
Net income (loss) available to the Company’s common shareholders			$	46,984					$	46,984					$	(1,040)					$	(1,040)
Denominator:
Basic weighted-average outstanding shares of common stock			41,609,182						41,609,182						45,088,272						45,088,272
Dilutive effect of:
Equity incentive plans			—						75,967						—						—
Convertible debt			—						—						—						—
Diluted weighted-average outstanding shares of common stock			41,609,182						41,685,149						45,088,272						45,088,272

Net income (loss) per share			$	1.13					$	1.13					$	(0.02)					$	(0.02)