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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Share | The following table presents the basic and diluted earnings per share computations for the three and nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in thousands, except per share data) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Net income | $ | 9,054 |  |  | $ | 17,957 |  |  | $ | 30,381 |  |  | $ | 63,560 |  |  |
Participating basic earnings (a) | (59) |  |  | (41) |  |  | (153) |  |  | (109) |  |  |
Basic earnings attributable to common stockholders | 8,995 |  |  | 17,916 |  |  | 30,228 |  |  | 63,451 |  |  |
Reallocation of participating earnings | — |  |  | — |  |  | — |  |  | — |  |  |
Diluted earnings attributable to common stockholders | $ | 8,995 |  |  | $ | 17,916 |  |  | $ | 30,228 |  |  | $ | 63,451 |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic | 130,204 |  |  | 134,396 |  |  | 130,182 |  |  | 133,426 |  |  |
Dilutive performance stock units | 29 |  |  | 11 |  |  | 27 |  |  | 8 |  |  |
Dilutive stock options | 9 |  |  | 14 |  |  | 10 |  |  | 6 |  |  |
Weighted average common shares outstanding – diluted | 130,242 |  |  | 134,421 |  |  | 130,219 |  |  | 133,440 |  |  |
Net income per common share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.07 |  |  | $ | 0.13 |  |  | $ | 0.23 |  |  | $ | 0.48 |  |  |
Diluted | $ | 0.07 |  |  | $ | 0.13 |  |  | $ | 0.23 |  |  | $ | 0.48 |  |  |
(a) Unvested restricted stock awards represent participating securities because they participate in nonforfeitable dividends or distributions with the common equity holders of the Company. Participating earnings represent the distributed and undistributed earnings of the Company attributable to the participating securities. Unvested restricted stock awards do not participate in undistributed net losses as they are not contractually obligated to do so. |  |
Schedule of Diluted Earnings Per Share, Diluted Securities | The following table is a summary of the PSUs and stock options, which were not included in the computation of diluted earnings per share, as inclusion of these items would be antidilutive.
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Number of antidilutive common shares: |  |  |  |  |  |  |  |  |
Antidilutive performance stock units | 74,096 |  |  | 21,007 |  |  | 49,588 |  |  | 17,689 |  |  |
Antidilutive stock options | 517,818 |  |  | 378,067 |  |  | 485,608 |  |  | 271,788 |  |  |
Total antidilutive common shares | 591,914 |  |  | 399,074 |  |  | 535,196 |  |  | 289,477 |  |  |

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