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Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings (Loss) Per Share [Abstract]  
Computations for Basic and Diluted Earnings (Loss) Per Share

The computations for basic and diluted earnings (loss) per share for the years ended December 31, 2023, 2022 and 2021 are as follows:

(shares in thousands)

 

 

 

 

 

 

 

 

 

 

 

2023

 

 

2022

 

 

2021

 

Net income (loss)

 

$

13,906

 

 

$

(34,055

)

 

$

49,432

 

Weighted-average common shares outstanding — basic

 

 

66,469

 

 

 

66,051

 

 

 

65,587

 

Effect of stock options and restricted stock units

 

 

488

 

 

 

 

 

 

714

 

Weighted-average common shares outstanding — diluted

 

 

66,957

 

 

 

66,051

 

 

 

66,301

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share — basic

 

$

0.21

 

 

$

(0.52

)

 

$

0.75

 

Earnings (loss) per share — diluted

 

$

0.21

 

 

$

(0.52

)

 

$

0.75