Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2024

Computation of Net Income Per Share, Basic and Diluted

The following table sets forth the computation of net income (loss) per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands):


	Three Months Ended March 31,
	2024		2023
Basic:
Net income (loss)	$	(919)	$	56,149
Less income allocated to participating securities	(354)		(1,254)
Net income (loss) attributable to common stock	$	(1,273)	$	54,895
Earnings (loss) per share, basic	$	(0.07)	$	3.09
Weighted-average shares outstanding	17,664		17,766
Diluted:
Net income (loss)	$	(919)	$	56,149
Less income allocated to participating securities	(354)		(1,254)
Net income (loss) attributable to common stock	$	(1,273)	$	54,895
Earnings (loss) per share, diluted	$	(0.07)	$	3.09
Weighted-average shares outstanding	17,664		17,766
Dilutive effect of restricted stock	—		104
Adjusted weighted-average shares outstanding under treasury stock method	17,664		17,870
Participating securities excluded under two-class method	—		(101)
Adjusted weighted-average shares outstanding under two-class method	17,664		17,769