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Stock Compensation and Earnings (Loss) per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of restricted stock shares activity | Activity related to the Company’s restricted stock units (“RSUs”), which includes the Company’s RSUs and performance stock units (“PSUs”), was as follows:
(in thousands, except weighted average grant price) | Number of Shares |  | Weighted Average Grant Price
Outstanding awards, December 31, 2023 | 825 |  |  | $ | 21.16 |
Granted | 390 |  |  | $ | 20.21 |
Vested | (284) |  |  | $ | 21.93 |
Adjustments for PSU performance | (44) |  |  | $ | 19.31 |
Forfeited | (1) |  |  | $ | 20.83 |
Outstanding awards, June 30, 2024 | 886 |  |  | $ | 20.63 |
Activity related to the Company’s Relative Total Shareholder Return RSUs (“RTSRs”) was as follows:
(in thousands, except weighted average grant price) | Number of Shares |  | Weighted Average Grant Price
Outstanding awards, December 31, 2023 | 293 |  |  | $ | 25.80 |
Granted | 136 |  |  | $ | 22.30 |
Vested | — |  |  | $ | — |
Forfeited | — |  |  | $ | — |
Outstanding awards, June 30, 2024 | 429 |  |  | $ | 24.69 |
Schedule of stock compensation expense | Stock-based compensation expense was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Stock compensation expense | $ | 2,538 |  |  | $ | 2,878 |  |  | $ | 6,673 |  |  | $ | 6,730 |
Capitalized stock compensation | (268) |  |  | (275) |  |  | (437) |  |  | (410) |
Stock compensation expense, net | $ | 2,270 |  |  | $ | 2,603 |  |  | $ | 6,236 |  |  | $ | 6,320 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table indicates the computation of basic and diluted earnings (loss) per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Calculation of net (loss) income per share: |  |  |  |  |  |  |
Loss from continuing operations | $ | (12,773) |  |  | $ | (1,400) |  |  | $ | (16,863) |  |  | $ | (658) |
Total (loss) income from discontinued operations, net of tax | (99) |  |  | 3,190 |  |  | 218,687 |  |  | 4,514 |
Net (loss) income | $ | (12,872) |  |  | $ | 1,790 |  |  | $ | 201,824 |  |  | $ | 3,856 |
Basic weighted average shares outstanding | 54,730 |  |  | 50,366 |  |  | 52,620 |  |  | 50,330 |
Basic - Loss from continuing operations | $ | (0.24) |  |  | $ | (0.03) |  |  | $ | (0.32) |  |  | $ | (0.01) |
Basic - (Loss) income from discontinued operations, net of tax | — |  |  | 0.07 |  |  | 4.16 |  |  | 0.09 |
Basic net (loss) income per share | $ | (0.24) |  |  | $ | 0.04 |  |  | $ | 3.84 |  |  | $ | 0.08 |
Effect of dilutive instruments outstanding: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 54,730 |  |  | 50,366 |  |  | 52,620 |  |  | 50,330 |
Effect from dilutive shares and options outstanding | — |  |  | — |  |  | — |  |  | — |
Diluted weighted average shares outstanding | 54,730 |  |  | 50,366 |  |  | 52,620 |  |  | 50,330 |
Diluted - Loss from continuing operations | $ | (0.24) |  |  | $ | (0.03) |  |  | $ | (0.32) |  |  | $ | (0.01) |
Diluted - (Loss) income from discontinued operations, net of tax | — |  |  | 0.07 |  |  | 4.16 |  |  | 0.09 |
Diluted net (loss) income per share | $ | (0.24) |  |  | $ | 0.04 |  |  | $ | 3.84 |  |  | $ | 0.08 |

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