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Basic (Loss) Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Basic (Loss) Earnings Per Common Share | Note 14—Basic (Loss) Earnings Per Common Share Basic and diluted (loss) earnings per common share are computed by dividing net (loss) income by the weighted-average number of basic and diluted common shares outstanding, respectively. The weighted-average number of diluted common shares includes the impact of dilutive securities, including outstanding stock options, restricted stock units, performance stock units and deferred stock units. 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. 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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