Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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):


	Three Months Ended March 31,
	2024		2023
Numerator for EPS:
Net income (loss)	$	33,657	$	24,173
Less: Preferred stock dividends	(3)		(3)
Income (loss) available to common stockholders	$	33,654	$	24,170
Denominator for EPS:
Weighted average common shares outstanding	28,869		30,382
Plus: Assumed conversion of share-based compensation (1)	510		219
Assumed conversion of preferred stock	25		25
Weighted average diluted common shares outstanding	29,404		30,626
Basic earnings (loss) per common share	$	1.17	$	0.80
Diluted earnings (loss) per common share	$	1.14	$	0.79


(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.