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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Summary of Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings per share were as follows for the three- and six-month periods ended June 30, 2024 and 2023:
| Three Months Ended June 30,
(In Thousands, Except Share Data) | 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) | $ | (2,735) |  |  | $ | (2,735) |  |  | $ | (56,382) |  |  | $ | (56,382) |
Weighted-average common shares outstanding | 25,314,456 |  |  | 25,314,456 |  |  | 25,249,073 |  |  | 25,249,073 |
Add dilutive effect of restricted stock unit awards | — |  |  | — |  |  | — |  |  | — |
Add dilutive effect of stock options | — |  |  | — |  |  | — |  |  | — |
Weighted-average common shares outstanding | 25,314,456 |  |  | 25,314,456 |  |  | 25,249,073 |  |  | 25,249,073 |
Earnings (loss) per common share | $ | (0.11) |  |  | $ | (0.11) |  |  | $ | (2.23) |  |  | $ | (2.23) |
Awards excluded from diluted earnings per share calculation(1) | — |  |  | 662,378 |  |  | — |  |  | 826,259 |
(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would inherently have been anti-dilutive.
| Six Months Ended June 30,
(In Thousands, Except Share Data) | 2024 |  | 2023
| Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) | $ | 10,767 |  |  | $ | 10,767 |  |  | $ | (55,688) |  |  | $ | (55,688) |
Weighted-average common shares outstanding | 25,294,698 |  |  | 25,294,698 |  |  | 25,234,834 |  |  | 25,234,834 |
Add dilutive effect of restricted stock unit awards | — |  |  | 599,982 |  |  | — |  |  | — |
Add dilutive effect of stock options | — |  |  | 801 |  |  | — |  |  | — |
Weighted-average common shares outstanding | 25,294,698 |  |  | 25,895,481 |  |  | 25,234,834 |  |  | 25,234,834 |
Earnings (loss) per common share | $ | 0.43 |  |  | $ | 0.42 |  |  | $ | (2.21) |  |  | $ | (2.21) |
Awards excluded from diluted earnings per share calculation(1) | — |  |  | 662,378 |  |  | — |  |  | 822,692 |
(1)Outstanding awards that are not "in-the-money" are excluded from the diluted earnings per share calculation because the effect of including them would inherently have been anti-dilutive.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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