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Net Income per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Net Income Per Common Share |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (In Thousands, Except Per Share Amounts) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 9,555 |  |  | $ | 25,095 |  |  | $ | 15,178 |  |  | $ | 40,996 |
Numerator for basic and diluted net income per common share |  | $ | 9,555 |  |  | $ | 25,095 |  |  | $ | 15,178 |  |  | $ | 40,996 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic net income per common share - adjusted weighted-average shares (1) |  |  | 71,700 |  |  |  | 75,170 |  |  |  | 72,271 |  |  |  | 75,488 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Unvested restricted stock and stock units |  |  | 330 |  |  |  | 491 |  |  |  | 331 |  |  |  | 498 |
Dilutive potential common shares |  |  | 330 |  |  |  | 491 |  |  |  | 331 |  |  |  | 498 |
Denominator for diluted net income per common share - adjusted weighted-average shares |  |  | 72,030 |  |  |  | 75,661 |  |  |  | 72,602 |  |  |  | 75,986 |
Basic net income per common share |  | $ | 0.13 |  |  | $ | 0.33 |  |  | $ | 0.21 |  |  | $ | 0.54 |
Diluted net income per common share |  | $ | 0.13 |  |  | $ | 0.33 |  |  | $ | 0.21 |  |  | $ | 0.54 |
_____________________________ (1) All periods exclude the weighted-average shares of unvested restricted stock that are contingently issuable.
Antidilutive Securities Excluded from Computation of Diluted Net Income Per Common Share | The following weighted-average shares of securities were not included in the computation of diluted net income per common share as their effect would have been antidilutive:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Restricted stock and stock units |  |  | 667,947 |  |  |  | 636,072 |  |  |  | 691,255 |  |  |  | 515,687 |
Stock options |  |  | 13,000 |  |  |  | 13,000 |  |  |  | 13,000 |  |  |  | 13,000 |
|  |  | 680,947 |  |  |  | 649,072 |  |  |  | 704,255 |  |  |  | 528,687 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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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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