Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2024

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