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Basic Earnings (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Basic Earnings (Loss) Per Common Share
Note 14—Basic Earnings (Loss) Per Common Share

Basic and diluted earnings (loss) per common share are computed by dividing net income (loss) 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 September 30,Nine Months Ended September 30,
2024202320242023
(in thousands, except for per share amounts)
Numerator for basic and diluted earnings (loss) per share:
Net income (loss)$14,030 $(5,047)$27,551 $14,878 
Denominator
Weighted average number of common shares outstanding - basic73,687 74,364 73,822 74,446 
Effect of dilutive securities1
239 — 185 50 
Weighted average number of common shares outstanding - diluted73,926 74,364 74,007 74,496 
Basic earnings (loss) per share:$0.19 $(0.07)$0.37 $0.20 
Diluted earnings (loss) per share:$0.19 $(0.07)$0.37 $0.20 
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 September 30,Nine Months Ended September 30,
2024202320242023
(in thousands)
Anti-dilutive 2,935 3,110 2,874 2,619