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NET INCOME (LOSS) PER SHARE
12 Months Ended
Dec. 31, 2024
NET INCOME (LOSS) PER SHARE  
NET INCOME (LOSS) PER SHARE

(12)     NET INCOME (LOSS) PER SHARE

The following table (in thousands, except per share amounts) sets forth the computation of basic earnings per share for the periods presented:

 

Year Ended December 31, 

2024

2023

Basic earnings per common share:

 

  

 

  

Net income (loss) - basic

$

(226,138)

$

44,793

Weighted average shares outstanding - basic

 

39,504

 

33,133

Basic earnings (loss) per common share

$

(5.72)

$

1.35

The following table (in thousands, except per share amounts) sets forth the computation of diluted net income (loss) per share:

 

Year Ended December 31, 

2024

2023

Diluted earnings per common share:

 

  

 

  

Net income (loss) - basic

$

(226,138)

$

44,793

Add: Convertible Notes interest expense, net of tax

 

 

1,201

Net income (loss) - diluted

$

(226,138)

$

45,994

Weighted average shares outstanding - basic

 

39,504

 

33,133

Add: Dilutive effects of if converted Convertible Notes

 

 

3,164

Add: Dilutive effects of Restricted Stock Units

 

 

530

Weighted average shares outstanding - diluted

 

39,504

 

36,827

Diluted net income (loss) per share

$

(5.72)

$

1.25