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Earnings and Loss per Common Share | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Earnings and Loss per Common Share | Earnings and Loss per Common Share The calculation of basic and diluted earnings and loss per share ("EPS") was as follows:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands, except per share data)
Basic earnings and loss per Class A common share |  |  |  |  |
Numerator: |  |  |  |  |
Net (loss) income | $ | (98,866) |  |  | $ | (26,702) |  |  | $ | 6,722 |
Denominator: |  |  |  |  |
Weighted-average Class A shares issued and outstanding | 55,099 |  |  | 53,527 |  |  | 52,251 |
Basic (loss) earnings per Class A common share | $ | (1.79) |  |  | $ | (0.50) |  |  | $ | 0.13 |
Diluted earnings and loss per Class A common share |  |  |  |  |
Numerator: |  |  |  |  |
Net (loss) income allocated to Class A common stockholders | $ | (98,866) |  |  | $ | (26,702) |  |  | $ | 6,722 |
Denominator: |  |  |  |  |
Weighted-average Class A shares issued and outstanding | 55,099 |  |  | 53,527 |  |  | 52,251 |
Dilutive potential common shares: |  |  |  |  |
Service based restricted stock units | — |  |  | — |  |  | 138 |
Performance-based restricted stock units | — |  |  | — |  |  | 52 |
Employee stock purchase plan | — |  |  | — |  |  | 69 |
Diluted weighted-average Class A shares issued and outstanding | 55,099 |  |  | 53,527 |  |  | 52,510 |
Diluted (loss) earnings per Class A common share | $ | (1.79) |  |  | $ | (0.50) |  |  | $ | 0.13 |
As a result of our net losses for the years ended December 31, 2025 and 2024, the dilutive impacts of certain potential common shares were excluded from our dilutive weighted-average shares since their inclusion would have been anti-dilutive. For the periods presented, we also excluded certain restricted stock units and stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive under the treasury stock method. Additionally, we have excluded any performance-based restricted stock units where the performance contingency has not been met as of the end of the period, or whereby the result of including such awards was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Class A common stock |  |  |  |  |
Options to purchase Class A common stock | — |  |  | 790 |  |  | 1,057 |
Service based restricted stock units | 45 |  |  | 958 |  |  | 1,573 |
Performance-based restricted stock units | 628 |  |  | 40 |  |  | 896 |
Total | 673 |  |  | 1,788 |  |  | 3,526 |

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