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Basic (Loss) Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Weighted Average Basic and Diluted Common Shares Outstanding | The table below reconciles the weighted-average basic and diluted common shares outstanding:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
| (in thousands, except for per share amounts)
Numerator for basic and diluted (loss) earnings per share: |  |  |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (1,788) |  |  | $ | 8,254 |  |  | $ | 13,521 |  |  | $ | 19,925 |  |  |  |  |
Denominator |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic | 73,853 |  |  | 74,478 |  |  | 73,889 |  |  | 74,488 |  |  |  |  |
Effect of dilutive securities 1 | — |  |  | 89 |  |  | 159 |  |  | 55 |  |  |  |  |
Weighted average number of common shares outstanding - diluted | 73,853 |  |  | 74,567 |  |  | 74,048 |  |  | 74,543 |  |  |  |  |
Basic (loss) earnings per share: | $ | (0.02) |  |  | $ | 0.11 |  |  | $ | 0.18 |  |  | $ | 0.27 |  |  |  |  |
Diluted (loss) earnings per share: | $ | (0.02) |  |  | $ | 0.11 |  |  | $ | 0.18 |  |  | $ | 0.27 |  |  |  |  |
1.Certain outstanding equity awards are anti-dilutive and therefore excluded from the calculation of the weighted average number of diluted common shares outstanding.
Schedule of Anti-dilutive Outstanding Equity Awards Under Share Based Compensation Plans | Anti-dilutive outstanding equity awards under share-based compensation plans were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
| (in thousands)
Anti-dilutive | 3,000 |  |  | 3,077 |  |  | 2,844 |  |  | 2,721 |  |  |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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