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Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Computation of Net Income Per Share, Basic and Diluted | The following table sets forth the computation of net income 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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic: |  |  |  |  |  |  |
Net income (loss) | $ | (36,789) |  |  | $ | (25,066) |  |  | $ | (24,008) |  |  | $ | 119,552 |
Less income allocated to participating securities | — |  |  | (452) |  |  | (618) |  |  | (4,397) |
Net income (loss) attributable to common stock | $ | (36,789) |  |  | $ | (25,518) |  |  | $ | (24,626) |  |  | $ | 115,155 |
Earnings (loss) per share, basic | $ | (2.05) |  |  | $ | (1.44) |  |  | $ | (1.38) |  |  | $ | 6.44 |
Weighted-average shares outstanding | 17,913 |  |  | 17,721 |  |  | 17,802 |  |  | 17,879 |
Diluted: |  |  |  |  |  |  |
Net income (loss) | $ | (36,789) |  |  | $ | (25,066) |  |  | $ | (24,008) |  |  | $ | 119,552 |
Less income allocated to participating securities | — |  |  | (452) |  |  | (618) |  |  | (4,389) |
Net income (loss) attributable to common stock | $ | (36,789) |  |  | $ | (25,518) |  |  | $ | (24,626) |  |  | $ | 115,163 |
Earnings (loss) per share, diluted | $ | (2.05) |  |  | $ | (1.44) |  |  | $ | (1.38) |  |  | $ | 6.43 |
Weighted-average shares outstanding | 17,913 |  |  | 17,721 |  |  | 17,802 |  |  | 17,879 |
Dilutive effect of restricted stock | — |  |  | — |  |  | — |  |  | 238 |
Adjusted weighted-average shares outstanding under treasury stock method | 17,913 |  |  | 17,721 |  |  | 17,802 |  |  | 18,117 |
Participating securities excluded under two-class method | — |  |  | — |  |  | — |  |  | (204) |
Adjusted weighted-average shares outstanding under two-class method | 17,913 |  |  | 17,721 |  |  | 17,802 |  |  | 17,913 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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