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Net Income Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The Company calculated net income per share using the treasury stock method. The table below sets forth the computation of basic and diluted net income per share:
Three Months Ended March 31,
20262025
(In thousands, except per share amounts)
Net income (loss)
$(70,434)$28,633 
Basic weighted average common shares outstanding20,869 21,111 
Restricted shares— — 
Diluted weighted average common shares outstanding20,869 21,111 
Basic net income (loss) per share
$(3.38)$1.36 
Diluted net income (loss) per share
$(3.38)$1.36 

The following shares were excluded from the calculation of diluted net income per share due to their anti-dilutive effect:
Three Months Ended March 31,
20262025
(In thousands)
Restricted shares698 427