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Stock Compensation and Earnings (Loss) per Share (Tables)

6 Months Ended

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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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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