EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 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):


	Years Ended December 31,
	2024		2023		2022
Numerator for EPS:
Net income (loss)	$	58,928	$	66,823	$	(22,257)
Less: Preferred stock dividends	(10)		(10)		(10)
Income (loss) available to common stockholders	$	58,918	$	66,813	$	(22,267)
Denominator for EPS:
Weighted average common shares outstanding	28,498		29,829		30,751
Plus: Assumed conversion of share-based compensation (1)	751		293		—
Assumed conversion of preferred stock	25		25		—
Weighted average diluted common shares outstanding	29,274		30,147		30,751
Basic earnings (loss) per common share	$	2.07	$	2.24	$	(0.72)
Diluted earnings (loss) per common share	$	2.01	$	2.22	$	(0.72)
Weighted average number of antidilutive shares	383		1,680		2,706

(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.