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Earnings (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Computation of Earnings Per Share The computation of Earnings per share is as follows (in thousands, except per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Net income (1)

 

$

48,188

 

 

$

118,442

 

 

$

17,206

 

Basic weighted-average common shares outstanding

 

 

66,006

 

 

 

66,742

 

 

 

68,215

 

Effect of dilutive stock-based compensation awards (2)

 

 

1,381

 

 

 

1,485

 

 

 

1,434

 

Diluted weighted-average common shares outstanding

 

 

67,387

 

 

 

68,227

 

 

 

69,649

 

Earnings per share, basic (1)

 

$

0.73

 

 

$

1.77

 

 

$

0.25

 

Earnings per share, diluted (1)

 

 

0.72

 

 

 

1.74

 

 

 

0.25

 

 

(1)
During the year ended December 31, 2023 the Company released a significant portion of its valuation allowance for deferred tax assets that had been recorded as a result of the 2020 goodwill and indefinite-lived intangible asset impairments. For more information, see Note 14 (Income Taxes).

 

(2)
There were 31, 290 and 2,033 potential common shares excluded from diluted weighted-average common shares outstanding for the years ended December 31, 2024, 2023 and 2022, respectively, as their inclusion would have had an anti-dilutive effect.