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Earnings (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
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 June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator for EPS: |  |  |  |  |  |  |
Net income (loss) | $ | 35,416 |  |  | $ | 28,566 |  |  | $ | 69,073 |  |  | $ | 52,739 |
Less: Preferred stock dividends | (2) |  |  | (2) |  |  | (5) |  |  | (5) |
Income (loss) available to common stockholders | $ | 35,414 |  |  | $ | 28,564 |  |  | $ | 69,068 |  |  | $ | 52,734 |
Denominator for EPS: |  |  |  |  |  |  |
Weighted average common shares outstanding | 28,600 |  |  | 30,265 |  |  | 28,734 |  |  | 30,323 |
Plus: Assumed conversion of share-based compensation (1) | 683 |  |  | 369 |  |  | 610 |  |  | 285 |
Assumed conversion of preferred stock | 25 |  |  | 25 |  |  | 25 |  |  | 25 |
Weighted average diluted common shares outstanding | 29,308 |  |  | 30,659 |  |  | 29,369 |  |  | 30,633 |
Basic earnings (loss) per common share | $ | 1.24 |  |  | $ | 0.94 |  |  | $ | 2.40 |  |  | $ | 1.74 |
Diluted earnings (loss) per common share | $ | 1.21 |  |  | $ | 0.93 |  |  | $ | 2.35 |  |  | $ | 1.72 |
(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.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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