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Net Income (Loss) per Common Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Calculation of Net Income (Loss) Per Common Share
The calculation of net income (loss) per common share for the years ended December 31 was as follows:
(dollars and shares in thousands, except per share data)202420232022
Basic:      
Net income (loss)$(47,035)$100,534 $140,930 
Average common shares outstanding30,157 30,346 32,004 
Basic net income (loss) per common share$(1.56)$3.31 $4.40 
Diluted:
Net income (loss)$(47,035)$100,534 $140,930 
Average common shares outstanding30,157 30,346 32,004 
Adjustment for common share equivalents— 47 74 
Average common shares outstanding-diluted30,157 30,393 32,078 
Diluted net income (loss) per common share (1)
$(1.56)$3.31 $4.39 
Anti-dilutive shares75