Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2025

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 June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Basic:
Net income (loss)	$	(65,166)	$	13,699	$	(33,064)	$	12,780
Less income allocated to participating securities	—		(333)		—		(618)
Net income (loss) attributable to common stock	$	(65,166)	$	13,366	$	(33,064)	$	12,162
Earnings (loss) per share, basic	$	(3.62)	$	0.75	$	(1.84)	$	0.69
Weighted-average shares outstanding	17,995		17,828		17,989		17,746
Diluted:
Net income (loss)	$	(65,166)	$	13,699	$	(33,064)	$	12,780
Less income allocated to participating securities	—		(333)		—		(618)
Net income (loss) attributable to common stock	$	(65,166)	$	13,366	$	(33,064)	$	12,162
Earnings (loss) per share, diluted	$	(3.62)	$	0.75	$	(1.84)	$	0.68
Weighted-average shares outstanding	17,995		17,828		17,989		17,746
Dilutive effect of restricted stock	—		78		—		195
Adjusted weighted-average shares outstanding under treasury stock method	17,995		17,906		17,989		17,941
Participating securities excluded under two-class method	—		(37)		—		(105)
Adjusted weighted-average shares outstanding under two-class method	17,995		17,869		17,989		17,836