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Net (Loss) Income per Common Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net (Loss) Income Per Common Share

The following table sets forth the computation of basic and diluted net (loss) income per common share:

 

 

2024

 

 

2023

 

 

2022

 

 

 

(In Thousands, Except Per Share Amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(19,353

)

 

$

27,923

 

 

$

230,347

 

 

 

 

 

 

 

 

 

 

 

Numerator for basic and diluted net income (loss) per common share

 

$

(19,353

)

 

$

27,923

 

 

$

230,347

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic net (loss) income per common
   share - weighted- average shares

 

 

71,971

 

 

 

74,536

 

 

 

84,753

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Unvested restricted stock and stock units

 

 

 

 

 

564

 

 

 

1,272

 

Dilutive potential common shares

 

 

 

 

 

564

 

 

 

1,272

 

Denominator for diluted net (loss) income per common
   share - adjusted weighted-average shares

 

 

71,971

 

 

 

75,100

 

 

 

86,025

 

 

 

 

 

 

 

 

 

 

 

Basic net (loss) income per common share

 

$

(0.27

)

 

$

0.37

 

 

$

2.72

 

 

 

 

 

 

 

 

 

 

 

Diluted net (loss) income per common share

 

$

(0.27

)

 

$

0.37

 

 

$

2.68

 

Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Common Share

The following weighted-average shares of securities were not included in the computation of diluted net loss per common share as their effect would have been antidilutive:

 

 

2024

 

 

2023

 

 

2022

 

 

 

(In Thousands)

 

Restricted stock and stock units

 

 

1,156

 

 

 

388

 

 

 

80

 

Stock options

 

 

10

 

 

 

13

 

 

 

13

 

 

 

1,166

 

 

 

401

 

 

 

93