Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Reconciliation of Numerator and Denominator of Basic and Diluted Earnings (Loss) Per Share Computations

The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted earnings (loss) per share computations for the periods presented (in thousands, except per share data):


	Years Ended December 31,
	2023		2022		2021
Numerator for EPS:
Net income (loss)	$	66,823	$	(22,257)	$	20,407
Less: Preferred stock dividends	(10)		(10)		(10)
Income (loss) available to common stockholders	$	66,813	$	(22,267)	$	20,397
Denominator for EPS:
Weighted average common shares outstanding	29,829		30,751		31,218
Plus: Assumed conversion of share-based compensation (1)	293		—		64
Assumed conversion of preferred stock	25		—		25
Weighted average diluted common shares outstanding	30,147		30,751		31,307
Basic earnings (loss) per common share	$	2.24	$	(0.72)	$	0.65
Diluted earnings (loss) per common share	$	2.22	$	(0.72)	$	0.65
Weighted average number of antidilutive shares	1,680		2,706		2,113

(1)Represents the dilutive effect of common shares issuable upon the exercise of stock options, non-vested performance share units, non-vested restricted stock units and non-vested restricted stock.