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Net Income (Loss) per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Calculation of Net Income Per Common Share | The calculation of net income per common share for the three and six months ended June 30, 2024 and 2023 was as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars and shares in thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Basic: |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (83,802) |  |  | $ | 28,692 |  |  | $ | (84,140) |  |  | $ | 52,926 |
Average common shares outstanding |  | 30,186 |  |  | 30,455 |  |  | 30,127 |  |  | 30,780 |
Basic net (loss) income per common share |  | $ | (2.78) |  |  | $ | 0.94 |  |  | $ | (2.79) |  |  | $ | 1.72 |
Diluted: |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (83,802) |  |  | $ | 28,692 |  |  | $ | (84,140) |  |  | $ | 52,926 |
Average common shares outstanding |  | 30,186 |  |  | 30,455 |  |  | 30,127 |  |  | 30,780 |
Adjustment for common share equivalents |  | — |  |  | 50 |  |  | — |  |  | 52 |
Average common shares outstanding-diluted |  | 30,186 |  |  | 30,505 |  |  | 30,127 |  |  | 30,832 |
Diluted net (loss) income per common share (1) |  | $ | (2.78) |  |  | $ | 0.94 |  |  | $ | (2.79) |  |  | $ | 1.72 |
Anti-dilutive shares |  | 48 |  |  | 3 |  |  | 54 |  |  | 3 |
(1) For periods ended with a net loss, anti-dilutive financial instruments have been excluded from the calculation of GAAP diluted EPS.

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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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